Daily chart, the stock 
DSCW broke the lower trend-line of the rising wedge pattern. So, technically this bearish movement should test the pattern target 2.15
However, there are near relatively strong support cushion at 2.45 - 2.42, then a support level at 2.24
A new entry (buy) can be made after 2 days close above 2.51 with high volume, to target 2.75 to 2.80 (then 3.05)
Stop loss below 2.40 should be considered.
DSCW broke the lower trend-line of the rising wedge pattern. So, technically this bearish movement should test the pattern target 2.15However, there are near relatively strong support cushion at 2.45 - 2.42, then a support level at 2.24
A new entry (buy) can be made after 2 days close above 2.51 with high volume, to target 2.75 to 2.80 (then 3.05)
Stop loss below 2.40 should be considered.
Trade closed: target reached
As expected.The trading cycle can be repeated. Good luck :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.