DAVIN almost done creating a cup

DAVIN continues to develop the cup which will end at around 1.25 per share. After that it will be a wait and see if it will create a handle or not. If we will see a bearish candlestick pattern then a handle will be created, otherwise it will continue to move up and may hit 1.50 per share. That will be our top range while 1.40 will be our lower range in case it will have to create a handle.

Ichimoku elements are currently in a bullish setup.

RSI or Relative Strength Index is currently at 72

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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