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DXNS – bullish chart
About a week ago, I suggested taking a look at Dixons Retail (LON:DXNS) . It is up over 13% since then, so I am well happy with that.
It is up 2.2% today against a backdrop where the ASX is down 1.2%. I take its show of strength in a weak market to be a very good sign.
Even better, it has broken channel resistance on high volume – a technical sign that more rises are are to come. Take a look at the chart below to see what I mean.
I topped up this morning, BTW.
35.36p
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2 comments
Phil
(No position)
Lovely chart and good to see Panmure's upgraded today with price target of 45p. UK trading well and balance sheet nearly free of debt.