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stocktrademan

12/11/16 2:29 PM

#406 RE: sdc #405

DYN might try to fill in the gap and go to 10.5 maybe. After that I think its still sideways to down. It's midrange now so I expect shorts are watching the 7.0 area for a next leg down at this point.

However nothing is set in stone so to speak. If it can completely fill in and exceed the gap at 11 with confirmation, then perhaps a closely watched trade could be planned to use the previous resistance around 13.5 as a target.

So how I would view it is:
* if long and nervous get out in the gap area 9.7-10.5, or sooner
* if long and want to wait and see then stop out at the 7.6 area.
* If want to buy wait until it goes above the gap at 11 and probably safer to see what it does around 13.5.
* Let the stock demonstrate it is taking out the nearest resistances and making higher highs higher lows in an uptrend before committing to a position.
* Want the chart to "prove it to me" first, not try to anticipate and hope it goes where I want after any buy.
* If short let it prove it to me it is breaking the low at 7.6, or short now and use the top of the gap gap as resistance around 10.5 for a stop.