DSTI Breakdown
By Johns Wu on Mar 08, 2006
A few days ago, we pointed out the symmetrical triangle consolidation going on in DSTI. Today, DSTI broke down from the lower trendline and higher than average volume.
This move down was most likely triggered by falling crude oil prices. When crude prices go up, alternative energy becomes more attractive. When crude goes down, so does alternative energy. Keep an eye on whether DSTI bounces off the 50DMA or if it falls through.
This entry was posted on Wednesday, March 8th, 2006 at 5:32 pm and is filed under Stock Charts.
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Yes, I see the break and this thing can go to $11-12 where the support is it.