DNEX - Sideways Till It Break 0.77
Updated
- Starting last week, the trend stuck sideways. Valid for 1D or 1H data.
- Overall still in uptrend mode.
- Stochastic drop from Overbought to Normal. Need more buying momentum to break 0.77 resistance.
- Accumulation still high with small distribution.
Resistance #1 - 0.77 <- break this, confirm uptrend
Resistance #2 - 0.935
Resistance #3 - 1.035 <-- break this, different story. $$$
Support #1- 0.675
Support #2- 0.555 <-- break this, the trend reversal to downtrend.
Same pattern with DNEX-WD (The warrants slightly weaker momentum & accumulation/distribution).
#Newbie
#NotBuyCall
#EducationalPurpose
- Overall still in uptrend mode.
- Stochastic drop from Overbought to Normal. Need more buying momentum to break 0.77 resistance.
- Accumulation still high with small distribution.
Resistance #1 - 0.77 <- break this, confirm uptrend
Resistance #2 - 0.935
Resistance #3 - 1.035 <-- break this, different story. $$$
Support #1- 0.675
Support #2- 0.555 <-- break this, the trend reversal to downtrend.
Same pattern with DNEX-WD (The warrants slightly weaker momentum & accumulation/distribution).
#Newbie
#NotBuyCall
#EducationalPurpose
Note
In 1H data, the trend already show higher high.Note
- Already break intermediate support 0.675.- Now the price will play around between 0.675 - 0.555.
- Need to watch closing support 0.555
- If break, trend reversal
- If bounce back, trend retracement & it will move up faster
Note
10/3 - Try to break resistant 0.77. Good sign for mid term with high momentum & accumulation activity
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