DMGI after a big breakout and a big sell off it seems to be stablizing. I know a lot of people were hoping to see $4 again this week and I just don't see it happening. Downward pressure remains and price compression is needed for another breakout to happen.
Yeah no problem, I probably need to make another to clean it up a bit, I use green as support, red as resistance. Don’t really have a timeline as there is a lot of downward pressure happening right now, need to wait for the trend to reverse.
jarchibald
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@LiveDog6, does that mean it's going lower still? or just that it will sit here for awhile.
LiveDog6
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@jarchibald, It’s possible, seems the 50 sma is acting as support right now, if that breaks down for sure going lower. Wouldn’t be buying anything until MACD turns upward.
Thanks for your analysis on this. Can you briefly explain what the values of 1.87 and 2.43 are on your chart and if your analysis can predict a timeline for the consolidation and breakout, thanks in advance