DAO appears to be ready for a resumption of uptrend after finding support on each test of 3 tests of the 200 EMA. The stock has carved out a very symmetrical Inverse H&S on top of the 200 EMA.
I understand the uptrend projection appears ambitious, I simply took the same angle as the downtrend and projected it to the upside. In both of the prior upward thrusts...
quite a solid and interesting technical rebound play, also analyst giving 50% upside for 1 yr target price $$$
*Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
Earnings close of trade tomorrow. Expecting rally to 30+$.
This is just my opinion and not investment advice. Please perform your own due diligence before any/all trades. Good Luck!!!
