Hello ladies and gentleman,according my analysis To DAQO New Energy corp STOCK.there is agreat probability long to 29usd .
A bit ago, a good friend asked me about DQ. I was not familiar with this (new) energy company, but was just looking at pure technicals. Had a heads up that if a support level was broken, there would be further downside. Needless to point out. It happened, worse that I had expected. Now that December is over, looking at the monthly chart bodes very badly for DQ....
DAQO New Energy Corp. ( NYSE:DQ ) Sector: Process Industries (Chemicals: Specialty) Market Capitalization: $4.296B Current Price: $58.44 Breakout price: $59.80 Buy Zone (Top/Bottom Range): $55.00-$35.85 Price Target: $79.60-$82.60 (1st), $129.00-$132.80 (2nd) Estimated Duration to Target: 210-218d (1st), 452-476d (2nd) Contract of Interest: $DQ 1/20/23 75c, $DQ...
I've been long on DQ since 140 and I feel like there's a strong chance of a short term price correction to resistance levels of around 200 in the next couple days. Momentum has been ridiculous, fueled mostly by hype, since their earnings are really nothing too special / worthy of their PE. I'm seeing strong bearish divergence on the daily RSI on today's high (see...