Friday 24 February 2012

DCD Media - Is this a buy opportunity?

For those that feel they missed the boat with DCD, due to the large rise recently, you may wish to take another look at the possible buy opportunity (see graph below)...


What DCD is displaying, is a classic flag, which in technical analysis is a continuation pattern. You might like to think of it pausing for breath!

Please DYOR and in particular, check out the recent newsflow - IMO, the fundamentals and TA are both in favour of continued growth in the shareprice, as DCD gets a positive re-rating.

Mick.

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