DNL’s weekly chart showing all signals in red

Weekly: DNL continue to be bearish. Based on Ichimoku system, DNL added a new bearish signal by way of a Kumo breakout. See our weekly chart how the price pierced through the Kumo from above. This is now our immediate resistance. RSI is pointing down and may continue to drop as holders will sell their shares. Will this hit below 6.0 again?

Daily: Daily chart has been bearish since the time Chikou Span, Tenkan Sen / Kijun Sen Cross and Kumo all showed bearish signals. Kumo or cloud will act as our immediate resistance which is around 6.50 For those who are waiting for the fire exit, it seems that we do not have one as of this time.

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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