$DG - SAFE HAVEN -
Added 2024-03-05 19:59:35 +0000 UTCI started a position in $DG today because it is a stock we alerted 4 months ago to have the potential of being a safe haven when the market corrects.
Since then it has jumped from $102 to $153 today and continues to move higher in spite of a market wide decline across all sectors.
We particularly liked how it held support on the 0.78 Fib at $107 which aligned with the yellow historical line.
Important: We do not need this to run all the way to $262 ot even Wave 5 at $211, we just want a gradual ascent during a market correction and I am happy with this.
So a climb to $185 over the next couple of weeks/months and mission is complete.
We got an ascending triangle break out here and straight into a breakout of the 200 Day MA....so the trend is favouring us here.
I will be adding this to our regular uploads and we will monitor this closely that it is following our projection.
Comments
How come that my fib extension is slightly different? I put it exactly from 0 to 1 to wave 2, but my 1.618 is $174 and 2.272 at $188. Do i do something wrong?
Vojtěch Šimeček
2024-03-05 22:59:25 +0000 UTCSold COIN to buy DG. Wanted to slightly reduce my exposure to crypto.
Luc
2024-03-05 21:01:34 +0000 UTCAdded a position as well. Thanks cap
Zakir Hossen
2024-03-05 20:03:29 +0000 UTC
