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Dollar Industries Ltd.
Long
Updated

You don't have to be a SCHOLAR to see the pattern in DOLLAR Inds

597
Standard Cup and handle Pattern on Weekly Chart.
Retracement from key dual supports.
Downside is almost arrested.
Low Risk High Reward.
Slow Mover. Momentum will pick up later as MACD is turning bullish too.



Note
Don't panic if invested. Markets are retracing. 360-380 is a strong support zone.
Note
360-380 indeed was the strong support. Rallied and made a Pole-Flag pattern in the form of a cup. Indications show further up move.
snapshot
Note
snapshot
CannySunny
Also on:
channelbreakChart PatternscupandhandlepatterndollareducationalpostFibonacci RetracementgoldenratioTechnical IndicatorslowriskhighrewardpriceactionanalysisroundingbottomTrend Analysis

Disclaimer

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.
channelbreakChart PatternscupandhandlepatterndollareducationalpostFibonacci RetracementgoldenratioTechnical IndicatorslowriskhighrewardpriceactionanalysisroundingbottomTrend Analysis
CannySunny
Also on:

Disclaimer

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.