DBA testing breakout level wants to continue

The agriculture ETF (DBA) tested it’s breakout level around $29 and bounced back yesterday. This is a key price level that it must hold if it is to continue higher. Sellers are stepping in around $29.40 where there is more trading activity. I still hold my position and target of $30.

DBA Daily Chart

DBA Daily Chart

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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