DWC: DISCOVERY WORLD CORPORATION

Looks like DWC has been moving sideways for few weeks now with the last week having a green candlestick which suggests an awakening of the bulls. Is it the start of the rise of DWC? So far we don’t have a lot of trades for this stock but based on our weekly chart, there is a possibility it will spike to 2.4x level. Notice how the price break from the Tenkan Sen line. Although its a very weak signal, it might be the start before the wild fire.

RSI or Relative Strength Index is at 22 for a 10-period weekly chart

Caveat!

The following two tabs change content below.

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.

Leave a Reply

}