After a period of price compression, DMGI could be getting ready for a breakout. MACD is starting to reverse to the upside and with a bit of a bump in volume DMGI could break toward the resistance level of $3.40.
TCL.A seems to be holding on the 20 SMA for support, but don't be surprised if that breaks down as MACD shows the trend has reversed to the downside. Profit taking time until the trend reverses, not surprising post dividend.
KEY post dividend dump. It's almost like clockwork, after the dividend there is a sell off. The trend has turned to the downside, not a bad idea to take profit until the trend reverses again especially with KEY having a big gap to contend with before it moves higher.
After a breakout an a nice move to the upside the bulls and bears are battling at the top. Looks to move sideways for a bit until one wins out.
Ultimately I think the bears win out for a short period as the breakout was due to a news article. Price should eventually challenge to fill the gap created at the .22 mark. This all of course without added company news....
DMGI after a big breakout and a big sell off it seems to be stablizing. I know a lot of people were hoping to see $4 again this week and I just don't see it happening. Downward pressure remains and price compression is needed for another breakout to happen.
TCL.A showing strength breaking through resistance level and challenging the next. Upward momentum is looking pretty strong so it needs to take out this resistance level and close above to challenge the next. Just trying to knock them down one at a time.
DMGI I don't believe will be range bound now after BTC weekend weakness. Wait for a trend reversal in BTC and DMGI before buying back in, pretty strong downtrend happening right now. DMGI closing below the 50 and has two gaps below that it might try to fill.
After thinking we had a small cup and handle formation, the handle failed. The market was waiting on news, which we all are, which probably accounted for the rise but then got impatient and sold off. News is coming, I assure you, but until then the trading range seems to be pretty obvious.