Diana Shipping has an Ending Diagonal.
The ending diagonal is wave 5.
The pattern is active, this is mean that we have change in polarity
and the target is at least 38.2% Fibonacci.
Hello guys,
Based on the chart, a breakout happened on a resistance area last week and now we are waiting for a pullback on our support area (change of polarity feature) and if all the things go well, we can consider a good buy opportunity for following days.
Note: This post will be update base on market reaction.
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- Breakout from Resistance level
- Retest made giving a nice buying opportunity
- Good risk reward ratio
- First target can be 1,175 Rs
- Bullish sign of momentum