DAVIN completed the Cup and Handle?

Looks like DAVIN just completed the cup and handle formation after it bounce from the Kijun Sen line and move up to close at 1.21 per share today. DAVIN may continue to move up and hit somewhere 1.45 – 1.50 per share. We are giving some room for error up to 1.25 per share for the breakout but based on its movement today, DAVIN looks strong.

Ichimoku elements are still in a bullish mood with Kijun Sen to bend upwards soon.

RSI or Relative Strength Index is at 70


Leave a Reply