Potential Breakout Alert – Dart Energy (DTE)

 

Dart Energy (DTE) has been in a solid downtrend for over a year, but looks to have set up a base pattern and drifted out of that downtrend. Volume is picking up and the MACD shows divergence on the daily, a trend reversal indicator. A move through 14.5c looks bullish.

Today we saw a continuation breakout from the basing pattern, with the break of 19.5c confirmation. Volume has also picked up. We added today at 19.5 with a stop now at 18c.

As always, Do your own research.