Send me real-time posts from this site at my email
Voting is over

DGI: Triangle – a pattern of uncertainty?
10 december 2014

For around six months the stock traded within a narrowing volatile band.

Attempts made in late October to break out of this triangle to the downside fell through. The lower bound of the formation was crossed, which is a signal to short the stock with a target of USD 18. Speculative stop loss orders can be placed above USD 27.50.

Fundamentally, the stock is No. 2 on the list of overvalued shares in its segment, Aerospace/Defense Products & Services.

The synthesis of two technical analysis methods implies short selling. 

Answered:
1 person

DGI: Triangle – a pattern of uncertainty?

Voting is over
Waiting for
the right answer
Agreed
1 person
Disagreed
0 people

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue