DAQO 4h Elliott-Wave updateStill my view on #DQ is short-term bearish. After the Elliott Wave (a-b-c)-type structure is complete, im very bullish.
DQ trade ideas
DQ Elliott-Wave analysisDQ looking great on the 4h.
Beautiful RSI-Divergency, followed by a healty push to the upside after the bottom was formed.
Now we are experiencig a normal pullback:
Im expecting an (a-b-c)-type corrective pattern. Price find the bottom in pricerange of the blue box. (this can consume a while, so pls be patient)
Special Analysis on DQ - it is about time!Some time ago, a good friend tol me about buying DQ. That's when I started tracking for this friend's benefit, and offering my own perspective. Real as it was, previous calls were pretty on the spot and DQ dropped significantly since I started looking at it on occasion.
I am looking at it again now... and I see nice things for a bullish run to commence soon.
1. A double bottom formed
2. on the back of Bullish Divergences of both MACD adn VolDiv indicators. (See green arrows below)
3. XLE and friends like BTU (just posted) and ENPH are showing their own bottoming out.
4. Projected to about 29ish and then possibly to above 40 in the longer run. For this, we need the bottoming pattern to complete and start a proper bull rally, which is then likely to be clearer to double-triple the current price of today.
Time to really look and maybe accumulate if you ask me.
DQ Dream stock. Like, literally. Tgt $58My intuition and dream world is opening up it seems and I'm getting dreams on the weekends about the market.
It happened a few weeks ago with a dream /ES ripped up super fast, & that MRNA would go up 10% on earnings. They went up 15 &, of course, indexes had an insane move up.
My dreams this past weekend were about the pattern on /ES for the year (allegedly) and some stock ticker DQ, but no direction was given.
Of course, I thought it's Dairy Queen, but it's a Chinese stock that sells sand or parts for solar panels. I just know it's been fairly destroyed and is ripping up, so I decided to dowse on it.
It's a bullish reading and suggests a target of $58. You want to plan to exit around August 5th.
I ask what percent accuracy I have on this idea, and get 100, which is surprising, but we'll see.
My general intuition stocks have been good, so I welcome dream ones as well!
DQ | Bullish Anticipation - Waiting for next HH and break EMA200DQ - Mar 20, 2024 — 10:AM EST
1. Bullish divergence noticed on the Daily timeframe has started playing.
2. Bearish trendline has been broken.
3. EMA50 is also broken and its trend changed to upward direction.
4. EMA200 has been tested but not yet broken.
5. On Fib level, price has retraced to 38.2% level and show slowness in bearish momentum, signaling a probable bullish turn hence marking HL.
6. Strong bullish anticipationbut safe entry would be at 30.1, confirming break of EMA200 and latest HH.
Trade Call
Buy Stop @ 31.0, SL: 15.70
TP1: 37, TP2: 44
DQ finally BullishDQ has finally breakout from its bear trend
Next step is we need confirmation that its a bullish breakout , it should retest the descending channel resistance outer line which should now become the support
Once the retesting is confirmed entry can be made around 27/28 area
Entry @ 28
SL 20
TP @ 36
DAQO the sleeping giant. DAQO New Energy is a Chinese company that specializes in producing high-purity polysilicon for solar PV applications.
Trend Reversal Inc. Keep an eye on this one.
DAQO New Energy corp STOCKHello ladies and gentleman,according my analysis To DAQO New Energy corp STOCK.there is agreat probability long to 29usd .
Special Analysis on DQ - bleeding now…Previously, I said this would be a slow bleed to death… it is bleeding critically now.
32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.
Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.
This was projected months ago … now it is walking the talk.
Good luck my friend.
DQ almost there but NOT yet…. One more spike downQuick update for a good friend…
DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32…
And then if and when that happens, should be time to consolidate for a rally proper. BUT until it plays out as expected along the way, dun see upside just yet.
Special Analysis on DQ - a slow bleed to a bounce6 months ago, 32.20 was the critical support called. A slow bleed over the last 6 months saw little upside move and a slow bleed downwards. The technical indicators are admittedly not as bearish as I thought it might be.
DQ is seen to head further down, visiting as deep as 32, but not likely crashing further, particularly where the MACD is building a bullish divergence, while VolDiv is starting to rise.
Special analysis - DQA 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. It can get DQ-ed in many aspects. Here is what I see…
1. Bearish Monthly Marubozu candlestick just speaks volumes. It closed at a multi year low on a very solid bearish candlestick - the marubozu.
2. The topping pattern of lower highs and lower lows put a critical support at 32.20. Once broken, it is possibly to drop swiftly to 10-12.
3. The Monthly MACD crossed down and continues to trend down. By the time the Signal line crosses down below zero (into bearish territory) prices should have broken below the critical support.
4. Similarly, VolDiv indicator shows no accumulation.
Given the set above, the coming month(s) will really test 32.20 critical support. I do not these odds, and already appears ominous that something not very good is about to take place.
This is what I see based on what I know…
Heads up into 2023.
This is dedicated insight to my good friend :)
Happy New Year!
DQ ShortBounce back to supply Zone, Zone Confirmation
Trendline break
Earning: 8/09/2022 Est. 6.54
Short 67
Stop 74.5
Target 55, 35
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
DQ Break OutBullish Indicators:
Gap up at open on 8/26
MACD crossover
ADX D+ crossing D-
OBV crossing 20EMA
Force Index long & short term positive, short term most recently
May pullback and test the .5 fib level before moving higher.
Target: $77.09
Stock Watchlist OverviewIn this video I go over the stocks on my watchlist, list levels I would like to see a reaction at.
Also I name the 2 stocks that could be movers in the coming weeks.
$DQ Setting Up Around its 50 MA$DQ setting up around its 50 MA after a base breakout.
The 3 distribution days (red bars) on the far right of the pattern gives me pause. Other than than, she looks good.
WATCH $DQ FIND SATISFACTION IN TRADING WELLBullish
Fundamental
- High inflationary Macro environment / No fear sentiment
- Funds Accumulation
- Positive PE
- Positive PEG
- Positive P/FCF
- Top Sector / Industry / Leader
- As per CCP direction on carbon neutral and global effort to have renewable energy theme
Technical
- Momentum Theory Indicator - broke out down trend and broke out neckline for new trend
- Price action formation ( falling wedge )
- Broke out Trend line
- Price above 200MA
- Price above POC and above high volume node
- Quantified criterion met
- Momentum theory 02 bullish divergence
- low pull back volume, break out surge volume
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"A goal without a plan is just a wish. "
Cheers and happy trading!
DQ - LongAs per the chart -
Buy on daily close above tight price coil as highlighted.
Confluences -
Price broke above long running downward trendline
RS showing new 6 month highs
Annual EPS +168%
Low Debt
Last QTR EPS +528%
Last QTR Sales +400%
New Polysilicon product facility opened ahead of schedule
Strong Relative Strength of Chinese Stocks
Rising polysilicon prices
Fossil Fuel prices support demand for Solar
Strong cash position (lower risk of dilution?)
Risks -
DO NOT HOLD THIS LONG TERM - until SEC Holding foreign companies accountable issue resolved
Chinese Stock - ADR Risk
China Covid lockdown risk
Repeated calls for Polysilicon to fall (not happened yet!)
Oil down 13% in 10 days
DQ bull flagI see bull flag.
Resistance is broken.
290 usd in next years is coming...
Good luck everyone!!!
6/20/22 DQDAQO 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 1/20/23 95c
Trade price as of publish date: $7.20/contract, $3.70/contract
WATCH $DQBullish
Fundamental
- Positive PE
- Funds accumulating
- Strong SMR
- Strong grp RS
- Top industry
- Leader in its sector
TA
- Momentum climbing out from the woods
- Falling wedge
- Broke out downtrend
DQ - breakout after 4 month basewith 4 month base and now move above key pivot on volume we can have start of MT move here - starter
LONG DQ (DAQUO ENERGY CORP.)s.e.48.26
s.l. 34.56
t.p 124.92
The graph show an evident bearish trend, however the MACD and SMAs evince an imminent trend inversion. The volume confirms that the forecast could be correct because it is diminishing in the time. The alligator shows that the down trend is heavy, consequentially we need to wait to make the entrance at 48.26.
no financial advice
