DEEP YELLOW LIMITED
Long
Updated

DYL Weekly Bullish Divergence off Demand Level

250
Full disclosure, I own this stock as a long term investment since pre 2020
Currently has weekly demand level with bullish RSI divergence,

This chart also forms a bullish bollinger band reversal with a close outside of the bollinger bands and a subsequent close within the bollinger bands with divergence
I believe this stock is likely to increase to >0.70c or more and have a longer term bullish bias
Note
Playing out well... $0.805 at present, although not far off running into some short-medium term resistance
Note
Worked out well so far, went from 0.55c to currently 1.14 today which is +100% in 9 months...
Don't think this is over but is in a corrective phase right now
Note
Sold out of this at $1.50, great position trade as started buying around 0.31c
From memory I think the net profit across all positions was around 300%
Not bad for a set and forget trade

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