The double bottom formed a little while back. Fairly steep climb and has surpassed the 1.272 on it's 4th leg up. This really looks like it will reverse soon but no telling!
DIA is at a resistance trendline and it remains to be seen if it will be broken.
Possibly bit overextended at this level but time will tell.
No recommendation.
Comment
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Rising wedge on daily and hourly. This pattern is not valid until the bottom trendline is broken and can stay bullish for quite a while.
Now another ATH at 346 after the FED Speech I guess, not sure how to move next? I've got the put option not sold yet.
UnknownUnicorn7131705
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Do you think 360 would be feasible?
lauralea
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@tintin300, DIA is in a rising wedge on daily and hourly. I do not see DIA reaching 360 in the very near future. I do see 330 or less but i am not always right. Good luck
lauralea
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@lauralea, I did not mean to sound negative. And the definition of "the near future" is also up for interpretation I suppose.