DDD – Buy the Next Pullback

I have been watching DDD ($52.48, up $2.42) for another buy entry.   We’ve finally seen a buy trigger against this first price cluster zone at the $49.30 – $50.97 area.  So if you MISSED the first buy trigger what do you do??

Since the first target for this setup is still above the market at $56.17, there is still upside potential, and typically I will buy the next pullback when I miss the first entry!! At that point my risk will be defined below the recent low at $49.67.  The next targets after $56.17 are $57.94, $58.67 and $63.05.

The risk is well defined here!

CB  ddd

 

 

No Comments
Carolyn Boroden

Carolyn Boroden is a commodity trading advisor and technical analyst specializing in Fibonacci analysis. Her unique form of price and time analysis is quickly proving to be one of the most promising trading techniques using Fibonacci available today. Ms. Boroden's first book, Fibonacci Trading: How to Master the Time and Price…

Tags