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Auguraltrader
Oct 3, 2023 3:24 AM

Special Analysis on DQ - bleeding now… Short

DAQO New Energy Corp.NYSE

Description

Previously, I said this would be a slow bleed to death… it is bleeding critically now.

32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.

Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.

This was projected months ago… now it is walking the talk.

Good luck my friend.

Comment

Ended the week FURTHER DOWN, as expected.
Comments
Auguraltrader
Bounced off support marked out. Not the greatest bounce but at least muted the fall off the cliff
christianvalsvik
Great Fundamentals..
Auguraltrader
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