[DRD] showing strength

DRD was up 15% today.  The model from the backlink is below along with the commentary that, "At this point you will not see me write anything positive about DRD unless and until it can break out the top rail within the red circle.  So far one might count the action as only 3 down but it comes after a 3 wave move up to what was likely the prior 4th and so the odds point downward.  But a break out of that top rail would make me change my tune."




While this is great short term news, we do not have 5 waves up yet from the August lows.  But as long as it stays above that new red support line I think it's worth gambling on a dip purchase.



The real test for a DRD breakout is shown below.  If that massive resistance breaks out then you can be pretty sure that its serious.  I sure would like to see a big sell off from here, back down to $1.20 ish in order to form an inclining double bottom (inverted owl).