Is DD going for a big correction?

DD registered another high on intraday at 7.55 per share but closed at 6.88 per share creating a red candlestick. Our support will be the 23.6% Fibonacci Retracement level or around 6.33 per share. After the rallies of DD, the RSI or Relative Strength Index has gone up at 98 which means it is risky for those who want to get in. We need to see DD establish a good and strong support first before entering.

For those still holding DD, I think it would be better to let your profit run for the meantime

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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