The analyst holds a long position in DCTH, expecting a Wave 3 price target of $34 based on technical analysis and strong earnings.
Technical setup includes completion of Wave 2 pullback, breakout of bullish descending wedge, 50 Day MA flipped to support, and strong earnings last month.
$DCTH bullish set up - 3 Wave pull back completed for Wave 2 - To the 0.618 Fib = Standard - To the 200 Day MA = Standard - Breakout of the bullish descending wedge - Flipped the 50 Day MA to support - Moving now in Wave 3 - And smashed their Earnings last month We don't need to see anymore We have a position Current price is $11 Wave 3 target is $34
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.1% | -1.5% |
| 1 week | -2.4% | -1.0% |
| 1 month | +11.8% | +11.8% |
| 3 months | — | — |
| 6 months | — | — |