DAQO New Energy Corp.
Updated

DQ watch $13.26/41: Key Resistance to break and Paint a Bottom

89
DQ has been struggling to paint a clear bottom.
Currently testing proven resistance $13.26-13.41
Look for a Break-and-Retest to mark the bottom.


Trade active
POP
snapshot
(yellow shaded area is from posting time)

.

Closer look at the pop
snapshot
Covid (dashed) fib to Covid fib, for 11%.
Closed 50% of postion, SL at BE on 50%.

.

What next?
snapshot
Probably the Blue path, a dip then leg up.
Maybe the Green path if Strong bull next.

=================================================

.

Disclaimer

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.