DCN seems to be just plodding along here after its HUGE CP.
I think we're in for some action, and I'm hoping its to the upside.
Just from the charts we can see there is definite descending triangle which is usually a bearish continuation sign.
But we are making lower highs and slightly lower lows, therefore that could be seen as a falling wedge bullish reversal.
The indicators seem to all be bouncing off a little support line, if it breaks and we see a bearish engulfing candle through support I guess we will be seeing 38c.
But if we bounce again off the green support and break 45c then it looks bullish and back up to test and possibly break that hard roof at 50c, I think we will need a great quarterly or something to do it though. Weekly MACD on the histogram showing an end to its bearish phase. I'm very interested to see what happens here!
I think we're in for some action, and I'm hoping its to the upside.
Just from the charts we can see there is definite descending triangle which is usually a bearish continuation sign.
But we are making lower highs and slightly lower lows, therefore that could be seen as a falling wedge bullish reversal.
The indicators seem to all be bouncing off a little support line, if it breaks and we see a bearish engulfing candle through support I guess we will be seeing 38c.
But if we bounce again off the green support and break 45c then it looks bullish and back up to test and possibly break that hard roof at 50c, I think we will need a great quarterly or something to do it though. Weekly MACD on the histogram showing an end to its bearish phase. I'm very interested to see what happens here!
Comment:
Descending triangle it is. Money flow and RSI support lines broken.