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Auguraltrader
Jun 24, 2023 9:19 AM

Special Analysis on DQ - a slow bleed to a bounce 

DAQO New Energy Corp.NYSE

Description

6 months ago, 32.20 was the critical support called. A slow bleed over the last 6 months saw little upside move and a slow bleed downwards. The technical indicators are admittedly not as bearish as I thought it might be.

DQ is seen to head further down, visiting as deep as 32, but not likely crashing further, particularly where the MACD is building a bullish divergence, while VolDiv is starting to rise.
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