Dana Gas To Continue its momentum
## 📈 Overall Trend
* **Primary trend: Bullish**
* Since **June**, the stock has been forming **higher highs and higher lows**, confirming an uptrend.
* The recent strong impulsive move in **late Nov–early Dec** reinforces bullish momentum.
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## 🔑 Key Price Levels
### **Resistance**
* **0.88 – 0.90** → Immediate resistance (recent rejection zone)
* **0.92 – 0.94** → Major resistance (recent spike high & supply zone)
* A daily close above **0.90** would be a **strong bullish continuation signal**
### **Support**
* **0.82 – 0.80** → First support (previous breakout & consolidation)
* **0.76 – 0.75** → Strong demand zone
* **0.70 – 0.72** → Major structural support (trend invalidation below this)
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## 🕯️ Recent Price Action
* The sharp green candle followed by a pullback suggests:
* **Profit booking**, not trend reversal
* Healthy retracement after a strong rally
* Current price around **0.85** is **above previous resistance**, which is a positive sign.
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## 📊 Market Structure
* Breakout from a **multi-week consolidation**
* Pullback is still **holding above higher low**
* No bearish structure (lower low) formed yet
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## 🧭 Possible Scenarios
### **Bullish Scenario (Preferred)**
* Price holds above **0.82**
* Consolidation between **0.82–0.88**
* Break above **0.90** → targets **0.95+**
### **Neutral / Pullback Scenario**
* Deeper retracement to **0.80**
* As long as price stays above **0.75**, trend remains bullish
### **Bearish Warning**
* Daily close below **0.75**
* Would signal **trend weakness / correction phase**
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## 🧠 Summary
* ✅ Trend: **Bullish**
* ✅ Structure: **Healthy**
* ⚠️ Resistance overhead near **0.90**
* 📌 Best zone to watch: **0.80–0.82 support**
