DNLI
The technicals in this biotech stock remind me of Tesla The major pattern above is an ascending broadening wedge just like the pattern in Tesla shown below.
Notice Tesla broke out of a major multi year (5 year) consolidation and developed a minor pattern above the breakout. After the minor pattern, Tesla shot to 2k + before announcing their split. Here's the analysis I did on Tesla just after it developed a minor pattern above the ascending broadening wedge:
Here is the zoomed in Daily chart of DNLI:
This is a confirmed breakout on the smaller time-frame which gives the signal to get long.
DNLI 4D: BUY/HOLD 100% gains // accumulation (STOCKS)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
DNLI 4D: BUY/HOLD 100% gains // accumulation (STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: DNLI 4days/candle chart overview
::: strong bullish bottom base
::: accumulation in progress right now
::: pullback in progress now
::: well defined range so buy lows
::: STRATEGY: BUY/HOLD pullback 13/14 USD
::: BUY/HOLD swing trade setup / patient traders
::: 100%+ gains on BUY SIDE later
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLS
DNLI - Bump & Run formation long from $16.17 to $20.40DNLI looking interesting as long setup. It broken down from a downward channel and now traded back to the channel formation like a bump and run formation. It has some insider buying and strong moneyflow. We think it has good upside potential from current level.