No big change for DO- as I estimated last Sunday, it may go up and head down. That is exactly what happened today. Open higher with a gap and at the first 30mins to an hour, it heads back and kept going down and head back to yesterday's closing price, wondering at that level till market closed.
This is really not a good one stock to have. Some points for me to think about it:
1. the price touched the BB up band, and price started to pull down, in a very narrow range of BB, which direction is it heading to? UP or DOWN?
2. Intra day price bigger than 3-5% vibration. Easy to capture the intra-day trending. but a little confused at the daily chart. MACD/STO keeps up. Volume is down as the price is down. Divergence exist currently in the MACD/STO with the price trend. Short term MA is still above the mid-term MA.
3. It s not so clear now to make judgement whether it will go up or down tomorrow. Reason one: Oil Drilling - related BP and gas price; Reason two: market situation.
Anyway, it s hard for me to see the trend clearly now. I will keep holding it till at least this Friday. (30% stop loss).
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