Finger on the Trigger

[tarulestheday]

Ahhh, DSNY is another news-driven stock ala IOC and very hard to trade with charts. However, I suspect it pulls back to the 10/20 EMA at around .85. That will be where I add again. Stevie Wonder can see there is a TON of support at .75. Absent news it might trade down there in a market correction in Sept/Oct which I expect will occur. I will be buying with both hands at .75 should we see it again.

http://stockcharts.com/h-sc/ui?s=DSNY&p=D&b=5&g=0&id=p18427991275

[admin]

Yes, and I think it's actually a good thing that it's news driven as I expect quite a bit of news in the near future.

Also, the volume on the way up was multiples of the volume on the way down, which is also a good sign.