ASXSignalCentre

DOW could be falling out of range.

Short
ASX:DOW   DOWNER EDI LIMITED
DOW could be falling out of range. Price has been ranging between 5 and 5.60. Volume has been decreasing since mid march. MACD is in bearish territory and crossover established today. 8 & 20EMA have crossed and price sitting well under.
Entry below $5 as this could be psychological level and buyers have been stepping in here. Target is 4.45.
Timeframe 1-3 weeks.
For educational purposes only.
Do your own research

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