Stock: Ichimoku /Seasonal: DXPE: 7-16-07: Trade Setup

DXPE – DXP Enterprise is indicating a possible bullish seasonal trade.
Here are the technical charts. Notice, it is right at the .618 Fib value. We want it to close above it therefore, we are choosing an try above it. The price target we are looking for is at the .886 Fib value and if it closes above that then we will be looking higher. Before, it can go to the 1.130 it will have to break the double top it has formed just recently. dxpe_7_16_07_d_.png
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About the Author Manesh Patel