DNLI is currently trading at 41.56 at the time of writing, which is a key level of interest as it tests multi-month fib extension at (3) taken from the highs of January ‘20 at (1) and the lows of March this year at (2). Coupled with that a well-formed pattern is in play whereby it’s resistance line junctions exactly at fib extension (3). A break above this dual resistance cluster would be considered all the more , with a view to 45.00 as the next target to watch for.
Any pullbacks around these current levels are expected to be shallow and short-lived, providing better buying opportunities for the midterm. Below support throws this outlook into question for the short to midterm.