DD still going up. No bearish candlestick seen yet

DD registered another high today. Our only resistance is the intraday high of 9.75 per share while current support is at 8.02 per share or 23.6% Fibonacci Retracement level. This support may not be a strong one compared to the next support at 38.2% Fibonacci Retracement level. Based on candlestick, we don’t see any bearish signal yet so there is a tendency it will continue to go up. With the stock now trading with RSI at 99, the risk is getting higher and higher.

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.

One Response to DD still going up. No bearish candlestick seen yet

  1. James Caboliño says:

    I wonder platform you're using to generate this graph.

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