Bearish Harami on DNL

DNL is showing some bearishness today as it fell by 2.3% forming a Bearish Harami in the process. This harami when seen at the top of an uptrend tells us that the bulls has weaken. If we will see a long red candlestick the next day then the bearishness is confirmed. If it will continue to retrace, our immediate support will be the 6.91 but may also continue to fall at 6.80 per share unless the Kijun Sen line will bend soon.

RSI or Relative Strength Index has started to loosen and is now at 68 from as high as 91.

Caveat!

One Response to Bearish Harami on DNL

  1. I actually got a buy signal for DNL last fri. I am unsure whether to follow my system or not :(

Leave a Reply