Saturday, August 11, 2012

DTV is for ME!!!



Here is one of many ideas that has come to mind. Lets review a weekly chart of DTV. Notice that this week after a year of consolidation it has broke out to the upside.  Technically this chart pattern is know as a symmetrical triangle, with a Target Objective of $63.00, stops are at the low of this week which works out to about a 6.% stop.  Keep in mind if DTV meets it objective of $63.00 that is a 21 % gain, putting the risk reward ratio at 3.5/1.  Good numbers to work by.  If you would like more ideas to reduce the homework part of trading, email me a jason@themoneychart.com.  for your free two week trial to www.TheMoneyChart.com, No credit card required.  As always best of trades and take all ye can and give nothing back!

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