sorry for not posting sooner but as most of you know, i’m not too keen on establishing any new swing longs right now so i didn’t re-set a trendline alert for DSX. however, i did mention in the last post (click here to view) to watch DSX for a break of this primary downtrend line for the next long-side entry (assuming you took profits on the first trade). more importantly, the goal of this site is to provide the best looking trade ideas that i can find, regardless of my own personal bias because as i’ve said, although i think my market analysis is up there with most (which still makes it hit or miss at best), i believe it is my ability to identify not just trades that offer a good R/R entry, but in also accurately identifying where and when to best exit those positions (often the hardest part for many traders) which is where i can offer the most value.
from a technical perspective, a breakout is a breakout so here’s the updated chart along with the previous charts for reference. i might add the IHS pattern measurement and some additional targets later this evening. congrats to anyone who has stuck with these trades or was able to cycle in & out at those levels i posted. amazing how well so many stock are playing off the charts almost perfectly lately…. almost too easy so be careful out there.
note- i will mark this as an active trade once more as per the breakout today.
