DXTR -1YR:Day Chart shows this stock has bounced off support three times @$1.75. Right now the stock is at $1.70 and it is a green day. The previous support @$1.75 is now present resistance. I believe that if this stock breaks through $1.75 then it is a possible buy, and if it breaks the high of $2.00 the it is really a buy. From the chart it is down treading and no recent news to drive this stock up. I believe that it will uptick a little but still follow the down trending pattern. I plan on buying for short gains but not planning on holding for long. I have factored in my 5 to 1 ratio only looking for a $.50 profit, so if it drops below $.10 cents I'm out, CUT LOSES QUICKLY, WIN BIG, LOSE SMALL!!! Since I am new at this if someone sees something that I missed let me know.
Join now or log in to leave a comment