its been under pressure for the last 4 days after making a big move to the upside. Its now at a important support level we want to see buying pressure to confirm the support level with good volumes. If this happens and we see a candle close above 2.75 W pattern will be activated and most likely this time it will cross 3. For now its in a no trading zone lets wait...
DFM have shown us solid buying pressure right near the support zone, this is what we have been waiting for since the correction started. Todays gap up was first indication that it can fly although i was not expecting this big move but yes i was expecting some positive reaction into the support zone. More IPOs are coming up DFM will benefit the most so its a very...
Good price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70
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When a bullish stocks gets stuck in a range its get so boring. For now its in a no trading zone 100 day ema is holding but with thin volumes. We will see some good momentum once the range is broken to the upside that is 2.40 till then just keep it in your STALKING LIST.
Hit like & follow guys ;)
