Bottom for DNL?

Has DNL bottomed out already at 6.0 ha is now ready for a reversal or it is just a 1 day wonder? Today we have seen DNL’s volume which is very big. Does ATR knows something that we don’t? Just like BLOOM, DNL has been falling for few weeks now and finally we see a large green candlestick which could be a signal for reversal. Resistance is around 6.30 where Kijun Sen line is. If this will be broken, next resistance will be the Kumo or Cloud. As of this time, all elements from Ichimoku system is still in red. Be cautious if you want to enter because it might not be sustain its rally.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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