A bullish trade with David Jones

by Michael Gable

The trading opportunity below appeared in our client report earlier this week. For a copy of the full report, please contact me directly.

After struggling to go much higher than the $3.10 region in early 2013, the share price took a hit and found a low last June. Since then however it has managed to form a series of higher lows and tried to go through that $3.10ish resistance on a few more occasions. You will notice that last week saw DJS break through that level and hold above. This tells us that DJS will likely move higher here into a new trading range that sees the upper limits to be over $4. With DJS occupying the news almost daily, we have enough interest in the stock to provide that catalyst to push it higher now.

Disclaimer

Disclaimer: Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.