With a hourly up trending channel in play, in less than a month, DCC.ASX may have paid good dividends for it’s follower. Better than a Bitcoin, which it has a positive correlation with, without a doubt. EOFY ( end of financial year) sale may have been a good opportunity for it’s follower to scalp some decent gains on the long side. Short covering coupled with potential new longs propelled DCC.ASX form a low of 7.5 cents to yesterday’s high at 18.5 cents ( trough to peak).
Lets focus on what may have been an intra-day long entry trigger as well as two long exit triggers. I have marked those high volume bars on the chart.
Is there a perfect entry or exit ? Only in textbooks.
Disclosure : Not a holder of DCC.ASX
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