Hi all,
Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback.
Positives:
- Uptrend still intact
- Potential rising wedge breakout
- MACD looking to crossover to bullish
- RSI has improved
Look out for:
1. A close above the wedge
2. A close above the 20-day MA
3. MACD to continue bullish crossover
4. Volume to increase
For an entry around 1.180$
TP and SL on chart
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback.
Positives:
- Uptrend still intact
- Potential rising wedge breakout
- MACD looking to crossover to bullish
- RSI has improved
Look out for:
1. A close above the wedge
2. A close above the 20-day MA
3. MACD to continue bullish crossover
4. Volume to increase
For an entry around 1.180$
TP and SL on chart
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Comment:
Price seems to have broken down below the wedge. Could trade back down to 0.8$ at this point..