Dhani is positioned for a break out or breakdown...targets are marked for an upside. I would not take any position as yet. Why? because it is trading BELOW the 200 EMA, very important moving average...only after it moves above it then it is safe for me. Take your own call, this is an idea.
Kommentera:
BO with 4% move today ...but still trading below 200 EMA...so i would wait until it crosses the 200 EMA with good volumes
Kommentera:
stock is trading ABOVE 200 EMA, so it is safe to take a position..trade with stop loss..stock has moved 12% already..remember that this is an idea, not a recommendation to buy.