27 months long Head & Shoulder Top breakdown !! Probable target mentioned. .
Dicker Data Ltd has just recorded 4 relative consecutive down weeks vs the All Ordinaries Index. Following this weakness, the 7-week forward interval displayed a positive expectancy. DDR is trading approximately 10% below the average target price of analysts surveyed by Refinitiv. Disclaimer: This data is not financial advice. Past performance is not a guide to...
David Dicker sold off a bunch of stocks which sent FUD waves through the stock - until - he told investors it was so he could buy a private jet, fund his self-made supercar project, and play the US stock markets. Legend. Stock could be worth a look.
DDR has strongly broken out of the bearish trendline with high volume and I expect price to continue higher. My target would be the next resistance level of $11.00 as TP1 and $11.50 as TP2. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ENTRY: 10.30 TP1: 10.70 TP2: 11.80 SL: 9.70 - ADX>25 today (5 Nov 2020) - RSI>70 today (5 Nov 2020) - MAs are aligned - Good volume today on breakup
DDR has set up a nice weekly pattern and is now on the other side of the weekly trend line, I would like to see volume dry right up and the 50MA turn to face up on the daily. Will be checking this chart daily.
bullish macd and RSI trend. hourly breakout. Target of $5
$DDR - DICKER DATA - Good momentum Dicker Data has been having a good run of late. Main concern for me for an entry is its liquidity. Buyer depth is gappy but certainly worth a watch as its making new highs supported by volume. Dicker Data Limited is engaged in the wholesale distribution of computer hardware, software and related products. The Company operates...
Price action and volume have contracted significantly and so may be ready. Watch for volume when it breaks above $2.70 for a long trend continuation entry.
$ASX:DDR has broken out of the consolidating pennant formation with an impulse move from 2.44 to 2.75. The price has subsequently retraced to retest the previous resistance turned support zone and presents a high probability buy opportunity.