well it has been one month since I last posted and what has happened?
We have increased by about $0.20 or almost 20%....not bad at all.
here is my Sharpchart
DPDW - SharpCharts from StockCharts.com
No bad news at all here. The RSI is threading the 70% level, the TRIX shows signs of another positive run and the Accum/dist is a steady climb.
The share price is steady under the upper Bollinger Band...no signs of a rapid movement...just slow and steady winning the race.
The event that we wait for is the recrossing of the 50 dayMA over the 200dayMA. This will be great and portends of good things to come.
Here is the P&F chart.
There is clear sailing to $1.40 break this level and we are on to a really
difficult resistance line at $1.55...
Support is at $1.10
To look at the short term let's look at the 5 day Yahoo Linechart
Here you can see that we did touch $1.10 last week and popped right back up.
There appears to be another support at $1.18 for the last few days. If this is strong it will be nice but there is no other history of this being a support other than the past few days so I am not sure....but $1.10??? seems solid.
We have a nice widening of the BB's towards the end of today (June 11) I think tomorrow be another good day...with more to come.