Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Monday, February 11, 2008
DD: Cautiously buying Calls below $44.75-$45
It looks like DD is trying to climb off the lows and break this bear channel. The concerning point is the lack of volume on the sideways movement over the last couple of weeks. Buying here at $44.75-45 seems like a good long entry with a stop at $44.50. If it does break the channel look for the top of the channel to then become support.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment