INP had a great increase on the 31st.
However currently exhibiting:
Strong indication for a down trend, great opportunity to sell and take a profit if entered at opening price @0.040
Will be monitoring movements, depending on popularity and demand proposed strategy is as follows:
Take-profit: @0.056 (at...
DNA displaying a popular window of opportunity in the December period.
S: @0.089 (conservative, last 4 hours of trade prior 31/12 close)
Volume still attractive.
RSI above 35 (however, capping at 70 showing overbought signals).
Proposed re-entry: @0.080
Proposed exit: @0.090
DNA has shown immense growth since 24th Dec.
0.050 --> 0.098
Showing strong resistance performance at 0.095, and a solid resistance at 0.084 on 28th Dec.
RSI still above 35
Volume is extremely attractive 40m+
There is a lot of indication that the price is way overvalued, great time to short.
Stop Loss: 0.090