Entered $DRC on the mornings open. Glad I did not know that the day was going to be horrible. It may have delayed me entering. I did my plan Last night, but due to moving household I did not have the time to blog it.
Nothing has changed and it can still be entered on the open on Monday. The factors as to why I bought it are still the same and the buy in price is little changed.
So here we go with why we bought in.
- Mid September 2014 huge volume and price jump.
- Consolidation in narrow range for 7 months.
- Monthly RSI above 69
- New 50 day high.
- Pushing exactly, to the penny, all time highs.
- Daily RSI over 70.
- Good risk reward factor 7%
- Stop 78.61