DNT Bullish Continuation Pattern

After the entire market took a pullback on Friday 1/8/21 DNT has gathered itself in consolidation. But yesterday did manage to kick it out of its bullish momentum trend. Looking like a Bullish Pennant Pattern to me here. It could range for days here but also it could make a move as soon as tomorrow if the TA holds true as the pattern hits a decision zone. The strong support around .09-.10 area was never tested yesterday but I’m not overly concerned with that as of right now and see it as a positive with strong BUY support. Current buy/sell ratio is 50/50. Keep your eye on the volume, when it starts coming back DNT should seek new heights and get back to price discovery zone in green. If it goes south look for .09-.10 as strong support and excellent buy zone. I’m bullish here though. Just my thoughts not financial advice. What do you think?

Related Ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.