Since end of December we are in a downtrend and since 19th March we are trading within a range. At the end of March we started a test of the top of the range but failed to exceed it.
Today it looks like if we are gaining downward momentum again.
The trend suggests that there are more chances to see lower prices.
We just hit the PCZ of a Bullish Gartley on DZSI and have a mild amount of Bullish Divergence on the MACD if it performs then i expect it to make it's way towards $20
Inverted H&S pattern on a bit of a slant.
This slant still allows for a head and two shoulders of the pattern.
I expect the right shoulder to form along the lower trend line that's connected to the left shoulder
Daily chart
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 73%
TARGET (EXIT) PRICE = 13.21 USD
BREAKOUT (ENTRY) PRICE = 13.01 USD
DISTANCE TO TARGET PRICE = 1.77%
EMERGED ON = Nov 24, 07:00 AM (EST)
CONFIRMED ON = Nov 24, 11:04 AM (EST)
WITH CONFIDENCE LEVEL = 77%
The bullish head and shoulders is the opposite image...
