DNL approaching support

DNL is still moving downward since the last time we saw DNL showing bearish signals. No changes in our support level as of this time but if 78.6% Fibonacci Retracement level or 6.4 will not hold then maybe we will see this stock to hit 6.20 Don’t enter or test buy yet until we will see some bullish signal which at this time has a dim possibility.

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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