Indecision signal on DD

DD is still moving inside the triangle as it consolidates. Currentl candlestick is a Doji at the support level. This candlestick signifies an indecision among bears and bulls. This leads us to speculate that DD may spike and touch the resistance line. If the bulls will be strong enough to break the resistance then this would be good for the holders. The area on which the price is moving is becoming narrower each day. Soon we will see where DD will really go after consolidation.

RSI or Relative Strength Index is now 56

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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