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AsimMirzaTrader
Aug 15, 2021 12:11 PM

DYL - Buying Opportunity Long

DEEP YELLOW LIMITEDASX

Description

DYL is looking good as it has bounced off the 200SMA which is also a good Support zone, and is consolidating currently. It has also broken the downward sloping trendine with high volume. I expect a swing higher with a target of $0.825 (potential 20% gain) with a tight stop below the swing low.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

Comments
BanoAU
this wont move up prior to earnings release on 23rd....im expecting confirmation test of 200ma around 0.60 first.
AsimMirzaTrader
@BanoAU, Yeah! it could be a possibility! Currently it is consolidating at Support and near the 200 SMA. Lets see how it goes! Thanks
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