Thanks
@db_nolan
Pretty quiet here on the DHR thread compared to what I'm used to.
I'm still getting up to speed on this stock (announcements and HC threads). The initial motivation was the chart for me, albeit, a little outside of my usual entry signals, so a bit risky at this stage.
I will probably only be in this for a short time, so still in the top drawer for me.
Ideally, I'm seeking a retest of the 3.5c mark. From there, it will either breakout (in which case I will continue to hold) or fall back (and I will exit).
Moving average: Above the 100 and 40 day MA and recently hit 10 day high.
DMI: Looks like DMI+ is about to cross over and above, which is good news. Unfortunately, I'd like the ADM (grey line) to be trending up, but it's heading lower but still above 25.
Slow Stoch: Looks OK to me, but a little overstretched, so could be running out of puff.
Stop loss is set at 1.5c support for me.
Bodhi_Trader
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