DCC next week, page-10

IMO a retrace did happen already, the RSI hovered above 80 and was followed by HEAPS of selling activity on Friday. Even though we closed 8% higher than Thursday, their were plenty of shares bought at higher prices (>19c) that were followed by a rather vicious sell down. The current RSI of 73 is awesome: less than 80 means it's probably not crazily overbought, but >70 still indicates a pretty agressive uptrend and likley means DCC isn't showing any signs of bearish divergence. As long as this stock keeps bouncing between approx RSI 70-80, don't expect a downtrend to occur out of nowhere - you're gambling against the odds if you do.

TLDR: How's this for a vote of confidence! morningstar TA has been pretty spot on these past few weeks, 30c is our next target!