Long
DEX Ascending Triangle.
Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra tenement.
There are 2 TA scenarios currently IMO
Bullish:
- Ascending Triangle forming against daily Resistance.
- MACD Bullish cross anticipated
- RSI above 50.00 and broken short term downtrend
- Fundamental news due within 2 months
- Broken 20 MA Bullish
- Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels.
Bearish:
If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
There are 2 TA scenarios currently IMO
Bullish:
- Ascending Triangle forming against daily Resistance.
- MACD Bullish cross anticipated
- RSI above 50.00 and broken short term downtrend
- Fundamental news due within 2 months
- Broken 20 MA Bullish
- Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels.
Bearish:
If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
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