DY pulled back to the demand zone highlighted in yellow. Entry is also at former resistance which should now act as support. Entry: $90.05 Stop Loss: $ 87.46 Target 1: $93.50 Target 2: 97.50
* Reversal underway on daily * Watch for resistance at RSI=50 on weekly
DY appeared on this weekends Ready List after forming a 3 weeks tight pattern that occurred shortly after breaking out from a short stroke pattern highlighted at the end of May. Here is an excerpt of the notes on DY from this weekend’s Ready List: PATTERN: 3 weeks tight PIVOTs(s): 60.82 SUPPORT: 58.45, 10ema, 21ema NOTES: DY recently formed and broke out of a...