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Mike
08-04-2016, 03:53 PM
I listed DY as a 3-Weeks-Tight buy opportunity in the High Growth Stocks watch list section. In a 3WT formation, the price closes three weeks in a row at almost the same price; this is a sign of accumulation. The buy point is where the stock makes a new high above the pattern. DY instead converted to a 50-day bounce opportunity, as shown in the following chart.

37266

DY is showing a volume trigger alert.