Dillard's, Inc.Long
cup and handle on DDS
Here is what I believe is happening.
DDS is in a cup and handle pattern, with the initial handle under formation.
1. Its currently short term over sold, but now quiet there. the recent bullish surge was very strong and reason to drop down further seems to get harder.
2. Initial Handle formation is in the process. It may be up to 30% of the cup and take support between 79.00 - 78.00.
3. if the volume is strong and blows through the 2002 RSR trend line and keeps up with the momentum, the price may reach to the next level to around 90 - 92.
- cheers
Scorp
DDS is in a cup and handle pattern, with the initial handle under formation.
1. Its currently short term over sold, but now quiet there. the recent bullish surge was very strong and reason to drop down further seems to get harder.
2. Initial Handle formation is in the process. It may be up to 30% of the cup and take support between 79.00 - 78.00.
3. if the volume is strong and blows through the 2002 RSR trend line and keeps up with the momentum, the price may reach to the next level to around 90 - 92.
- cheers
Scorp
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.