Unless you’ve been living where the sun don’t shine you’ve probably been aware of the surge in solar over the past year, particularly in the last few weeks. Many have run up way past a buyable range but there are still trading opportunities out there in this space – one is in Daystar Technologies (DSTI). No, this company is not a leader in the solar space and not meant for a longer term hold. I’m just highlighting a trading opportunity which could potentially offer explosive profits over the next few weeks. Let’s have a look at the chart:
I’ve been highlighting flat bases in past Trade of the Day posts but these bullish triangle formations probably come in at a close second on the favorite chart setups list. As I write this DSTI is in the process of busting out of this formation with heavy volume. It should be noted there is significant short term resistance around 7.50 so it may have trouble in this area. If it can break through this level as well it could run awhile.
Filed under Stock Trade of the Day by Tate Dwinnell
Comments on Trade of the Day – Daystar Technologies (DSTI) Attempting Breakout from Triangle »
Great minds indeed!
Thanks for the comment!