Dxyz

This stock has been getting amazing action!
It’s super volatile but since it’s now got a monster rejection from 100+ area we can now find retracement fibs to see
Where could we get a bounce.

This has found support bounce off .618 fib of 46$ and currently trading and considlating under the 50% retracement.

If we can get a breakout of this current triangle , which is super tight right now, we can see a push to first retest 56.70 which is the 50% retracement but overall targeting the .382 fib at 68$

I have been currently buying the 51$ area with stoploss at 49$ risking 1$ per share right now. If we get a breakout above 55$ that’ll be breakout if the triangle and holding above 56.70 is gearing up to retest 68/69$ area


I am looking for a bullish push, Howver this is very volatile and a break and hold below 49$ is a stoploss to the trade as the downside tarhet os 37$ so be ready with risk management !! Good luck to all I hope we all make money on this trade