DNN looked like it was forming a bullish pennant, but it had a huge retracement so it was a little iffy. Now it looks like its forming a ascending triange. Its also sitting right on top of fibonacci support, and i think if we hold that, it'll push the price to breakout of the triangle. Its had good volume on these breakouts and nice consolidation at lower levels.
I think technical analysis means a little less when it comes to penny stocks, especially with such huge retracements, but I believe in this company long time and the uranium sector is picking up steam and getting a lot of good press.
I think technical analysis means a little less when it comes to penny stocks, especially with such huge retracements, but I believe in this company long time and the uranium sector is picking up steam and getting a lot of good press.
Comment:
With the break below 1.20, watching the trend line to hold