DARA Daily Chart ~ A Break and Close Over the Resistance Point
Although one day doesn't confirm a breakout, I do like the increased buying volume of Thursday and Friday during a shortened trading week. As I mentioned in my previous DARA post, once the stock broke to a new high, the MA200 was next at .62. That will be the goal early in the week, to close over the 200. Then the previous highs of .65 and .75 would become the logical targets to achieve next. Although a move to these low .60s doesn't seem like much, keep in mind a move from the high .40s to .62 in three weeks is approx 30%. I'd like to compound that every three weeks, lol. DARA has room to run over the next month or two. GLTA
Although one day doesn't confirm a breakout, I do like the increased buying volume of Thursday and Friday during a shortened trading week. As I mentioned in my previous DARA post, once the stock broke to a new high, the MA200 was next at .62. That will be the goal early in the week, to close over the 200. Then the previous highs of .65 and .75 would become the logical targets to achieve next. Although a move to these low .60s doesn't seem like much, keep in mind a move from the high .40s to .62 in three weeks is approx 30%. I'd like to compound that every three weeks, lol. DARA has room to run over the next month or two. GLTA
