Bought into Dycom industries this morning on strength.
Note the RR - the stop is very very tight on this - because given current market conditions - there is every chance this is another bear market rally that will last a few days and then we plunge again!
The logic is simple - the stock was in an uptrend, broke out, retraced , is now going up again having bounced from an area of significance.
Certainly wont make you rich but will keep the account ticking over!
Note the RR - the stop is very very tight on this - because given current market conditions - there is every chance this is another bear market rally that will last a few days and then we plunge again!
The logic is simple - the stock was in an uptrend, broke out, retraced , is now going up again having bounced from an area of significance.
Certainly wont make you rich but will keep the account ticking over!