DCPH Added to Watchlist, Awaiting Breakout
Deciphera Pharmaceuticals (DCPH) is forming a triangle after a big run-up.
This is not a trade yet. Ideally, I want to see the stock consolidate near the top of the triangle. Otherwise, I want to see a strong move out of the triangle on a one-day move with the price closing near its daily highs and well outside the pattern. I am looking for an initial target near $84 to $85.
This is not a trade yet. Ideally, I want to see the stock consolidate near the top of the triangle. Otherwise, I want to see a strong move out of the triangle on a one-day move with the price closing near its daily highs and well outside the pattern. I am looking for an initial target near $84 to $85.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/