web analytics

Watch DFS in a breakout above resistance (roughly 34.45 – 34.75.) Resistance levels are usually not clear lines, but rather rough “zones” where selling pressure has previously been able to overcome buying pressure. Multiple tests of a level can often set up a good run above resistance, but entering these trades can be problematic due to volatility around the breakout itself. One solution is to enter partial positions on the actual breakout (perhaps confirmed on close here) and the remainder in the first consolidation above resistance.