It's been a long downtrend ride for DNT since Feb 2018.
Price hit the historical weekly support level in August 2018 and has since consolidated at this level for 8 months with little spikes here and there.
Price broke down to the lower support level at 280 in Dec and has since then been seeing slight move upward with retest at intervals.
Price had a bullish retest of the trend line support and horizontal support, found support on the 50 day MA, and is now ready for a nice ride upwards.
Bull bias:
Stochastic at below 15% level
RSI below 40....looking good
Golden cross imminent: 50 MA about to cross the 200 day MA for the first time since it broke below in 2018
Targets are highlighted at the levels of horizontal resistance drawn.
All things being equal, we should see a decent move upward in this month of April through May.
Note: This is a Mid Term (2-4 weeks) Trade Call..... Patience is key for this trade to play out.
Price hit the historical weekly support level in August 2018 and has since consolidated at this level for 8 months with little spikes here and there.
Price broke down to the lower support level at 280 in Dec and has since then been seeing slight move upward with retest at intervals.
Price had a bullish retest of the trend line support and horizontal support, found support on the 50 day MA, and is now ready for a nice ride upwards.
Bull bias:
Stochastic at below 15% level
RSI below 40....looking good
Golden cross imminent: 50 MA about to cross the 200 day MA for the first time since it broke below in 2018
Targets are highlighted at the levels of horizontal resistance drawn.
All things being equal, we should see a decent move upward in this month of April through May.
Note: This is a Mid Term (2-4 weeks) Trade Call..... Patience is key for this trade to play out.
