The last time 
DFLI broke the top of the current range from the underside, with technicals following positively, the path of least resistance was straight up.
I believe there is a chance this occurs again. With the price absorbing energy and accumulation within a very tight current range almost identical to its previous base, I think this is a great area to work long from.
The market has absorbed a lot of news fromDFLI since last September. Now that the stock is back on its launch pad, it may attract institutional commitment.
This is also coinciding with a perfect Elliot Wave cycle completion, allowing for a new cycle to begin.
GL!
DFLI broke the top of the current range from the underside, with technicals following positively, the path of least resistance was straight up. I believe there is a chance this occurs again. With the price absorbing energy and accumulation within a very tight current range almost identical to its previous base, I think this is a great area to work long from.
The market has absorbed a lot of news from
DFLI since last September. Now that the stock is back on its launch pad, it may attract institutional commitment. This is also coinciding with a perfect Elliot Wave cycle completion, allowing for a new cycle to begin.
GL!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.