Will DAVIN continue to move up despite being overbought?

DAVIN broke few retracements level today as it rally by 18.2% supported by big volume. Current support is at 1.12 while resistance at 1.21 If price will move above 1.21 there is little friction for this stock to hit 1.30 and above.

RSI or Relative Strength Index is at 89 so we should be careful since it is already overbought.

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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