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At 52 week lows this tiny float NYSE play could be a beast
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Good Morning,
I know timing is everything in the trading game so I won't take up
to much of yours with boring info that you probably don't even to
read about.
With a float of only 3.4Mill shares, DPW is a bottom bounce NYSE
play that is currently sitting at 52week lows and has huge upside
potential.
Just look at this chart, its trending below its average range and all
four of the major indicators are screaming bottom bounce:
 RSI - Trending up from oversold. Bullish
Price - At 52week low levels. Bullish
MACD - Far below zero line, bullish cross with signal line.
Acc/Dist - Rock bottom, full of potential. Bullish
Its rare to find a NYSE play trending at the .50 range with a small
Float and revenues, but the market we are currently in creates such
set ups and we need to enjoy the ride while we can.
But lets get down to the brass tax... DPW closed yesterday at .42, its
first level of resistance just happens to be in line with a previous support
point around .50 where the 20ma currently is.
If DPW can manage to breakout past that level, like it has in the past,
next stop is around the 50ma at .57 then top bollinger band at .64.
Sounds complicated right?
But in reality, DPW is known for making fast moves for multiple days,
just look back to December 21st when it moved from .48 to .819,
talk about a good Xmas present.
DPW has a history of making rapid moves and chewing resistance points
like its pudding, and now trending at such low levels, this could be a perfect
bottom bounce set up that both day traders and swing traders love.
Start your research on DPW right away and enjoy. Sincerely,
StockHideout
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