Ginkgo Bioworks (DNA) should test Resistance line at 1.55Daily chart, the stock rebounded from the support line S, and should target the falling Resistance line R at around 2.55
Crossing resistance and trading above 2.55 for 2 days, the target will be 2.30 extending to 2.47
Technical indicator RSI is in the BUY area.
Ginko
$DNA Possible Accumulation. Fib levels very reactive.A pretty compelling argument for a classic Wyckoff Accumulation pattern. We know some people like Woods are investing heavily into this market, so it's not a long shot to assume there are others. Whether we see a spring or LPS our way up to SOS is TBD, we could shoot in either direction as it stands. PTs are at $7-$15 according to analysts. This seems to line up with extensions. OBV shows each consecutive low on the PA is higher on the OBV. This is a great indication of an increase of strong hands ownership. Overall, I think I am mostly bullish at the current level. Should we happen to dip lower for a spring, I will significantly add to my position.