DOM looked attractive at $2.00 - but the technicals now suggest a short term rally unless $2.70 can be broken and successfully tested.
A better buy for DOM is if it dips to $2.30 or lower, and holds $2.00 again with the higher POG - then it would be another buying opportunity once it bottoms.
Buying into DOM now suggests a high risk unless it can take out and hold $2.70.
If it does dip below $2.50 then wait for it to bottom first as any decision can afford to wait.
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DOM looked attractive at $2.00 - but the technicals now suggest...
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Glen Diemar, MD
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