After consolidating for the past 6 weeks or so, DDO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.
Note
The last couple of days the complexion has changed and it is now putting in a bearish engulfing candle on the weekly chart. This might need more time now to regroup itself.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.