Try to get your head out of the dynamic resistance passing through around 31.9 and stopping at the first static resistance at around 32.60
The rupture of this triangle could lead DNLI towards 38 before 43 according to target otherwise the return to area 26,8
This is not a commentary on the promising fundamentals or potential of Denali Therapeutics but rather a purely technical analysis. DNLI has been consolidating in a falling wedge pattern coming off a nice run up from August of 2020. Price seems to have found a recent bottom at the all-time 50% fib as well a s the 200ema. These are critical levels to hold but so...
Over the last three days, Tickeron's A.I.dvisor has detected that DNLI's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring...
DNLI appearing to be finding support at the 38% fibonacci retracement level (60.0-60.50). The selling volume has been diminishing and there is also a potential bullish divergence setting up between price anad stochastic. Looking to long at the break above 62.20 with initial stop @ 59.70. Near term target @ 72.
Disclaimer: This is just my own analysis and...
Hello traders, DENALI THERAPEUTICS is in a historic moment we can witness a high point in its history. It is in a bullish momentum with a larger trace at the bottom than at the top and a large volume of sell at the beginning of the session. On the TIMEFRAME M1 we see the shape of a hammer bear candle and it is about to retest on the stabilization zone. Strong...
DNLI pulled back into support zone 39-40 (horizontal & 50% fib retracement of the recent AB swing up) and started to stage a rebound last Thursday, followed by a retest of the support zone on Fri and again rebounded to close with a bullish dragonfly candlestick. This coupled with bullish divergence between price and RSI increased the odds of a sustainable bounce...
Since the pandemic March lows, Denali Therapeutics Inc (DNLI) has enjoyed a multi-month rally surpassing it’s January ‘20 highs with ease, amid a bout of increased buying activity following Q2 earnings. As well as individual investors, hedge funds are also optimistic about the future share price of DNLI. Official data shows the number of hedge fund bets increased...
The major pattern above is an ascending broadening wedge just like the pattern in Tesla shown below.
Notice Tesla broke out of a major multi year (5 year) consolidation and developed a minor pattern above the breakout. After the minor pattern, Tesla shot to 2k + before announcing their split. Here's the analysis I did on Tesla just after it developed a minor...
Gold has been accepted as a means of payment for thousands of years, which suggests a certain intrinsic value. The precious metal is currently in particularly high demand. It is true that a well-diversified investment also includes commodities like gold.
