DIAL - 9/90 had been a Pivot on 6 whopping occasions. Bullish Divergence on the Daily Chart

Someone mentioned that DIAL will give a return of 40%+ during 2019. Before grabbing it just because of that news let's keep a watch on the Monthly Price Action. Interestingly the Counter closed at an important pivotal support. 9/90 had been tested as a support/resistance on 6 amazing times. We are in that level again. Last time it had hit 9/90 was in March 2016, then hit had got reconfirmed in November of 2016, and rallied to a high of 14/80 in May 2018. That's a painful 27 months, sadly this rally got wiped out in a matter of just 8 months. As far as the monthly momentum is concerned the Bears are very much in control over the bulls. But to be fair by the Bulls there is a bullish divergence in the daily chart. As such you can not ignore a trade on this.

Trade Idea

Buy - 9/90
Sell - 11/20
Stop - 9/00

Stop is a definite rule. If your knees are jerking when the price fall there, you are not supposed to trade. You must avoid please!!!