DRD update

After I bailed on DRD for a small profit (60 cents per share but only on 1k shares) because it was underperforming the ETFs, DRD experienced a pull back then then a little blip.  It is now ready for another significant pullback per the model below.  If you are in DRD and you are not a trader, then don't freak out if this happens.  In fact, it would be the signal to buy more in anticipation of that 3rd wave up.

DRD has gotten pummeled for years.  Every dog has its day.  DRD longs should have theirs soon according to this model.  Of course, I personally would not sit through the coming C wave.  I would bail to the sidelines and then expect a vee style bottom.  I would watch for 5 clear waves down (should be clear since it is a C of 2 wave) and then jump back in.

By the way, that middle feature looks like a horizontal triangle to me and the current spike to touch resistance is likely the E ave of it.