Saturday, January 28, 2017

DFCC - Must respect the support at 117.00


This post is a tribute to my friend TP, who shared his idea on Dfcc a few days ago. This counter had got battered so much, which can not be justified when you look at their trailing EPS. But obviously something is wrong, that is what the market is indicating to us. I believe for it to turn north the prices should form a base above 120.00 which was a support area turned resistance that is being tested right now. At all cost the present swing low at 117.00 should be respected. Let's wait......


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