DXLG ( Direction XL ) is into a continued uptrend that does not seem to want to stop.
The WEEKLY graph shows a confirmed bullish flag with possible gains of 95% and price target of 14.01$ (Left graph).
The MONTHLY chart shows a double bottom (not confirmed) with possible gains of 99% price target of 14.10$.
Both weekly and monthly charts show similar possible gains which increases filling probably.
The sector weekly graph (Consumer Discretionary, bottom right) shows a small ascending triangle (confirmed). The sector as a whole may see a 15% increase from its 1480$ support level. This target is almost filled. Could reverse anytime after hitting the target, reducing the sector strength and making the DXLG targets almost impossible to hit. Lets hope we break through the 1695-1700$ level to continue this uptrend until Christmas.
Stay humble, have fun, make money!
The WEEKLY graph shows a confirmed bullish flag with possible gains of 95% and price target of 14.01$ (Left graph).
The MONTHLY chart shows a double bottom (not confirmed) with possible gains of 99% price target of 14.10$.
Both weekly and monthly charts show similar possible gains which increases filling probably.
The sector weekly graph (Consumer Discretionary, bottom right) shows a small ascending triangle (confirmed). The sector as a whole may see a 15% increase from its 1480$ support level. This target is almost filled. Could reverse anytime after hitting the target, reducing the sector strength and making the DXLG targets almost impossible to hit. Lets hope we break through the 1695-1700$ level to continue this uptrend until Christmas.
Stay humble, have fun, make money!
