Auguraltrader

DQ almost there but NOT yet…. One more spike down

NYSE:DQ   DAQO New Energy Corp.
Quick update for a good friend…
DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32…
And then if and when that happens, should be time to consolidate for a rally proper. BUT until it plays out as expected along the way, dun see upside just yet.


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