Since DENT broke its trendline resistance of 1D chart, it has been consolidating near the newly created Demand zone while forming Right shoulder of the H&S pattern which can be observed on the chart.
It tried to break the Weekly Trendline resistance but failed to hold the price upward pushing the price below trendline again. The newly created demand zone managed to hold the support and it has been keeping the price stable for last couple of days while forming Right shoulder.
It wont be long before DENT tries for another breakout and this time combined with the Head and Shoulder pattern, it will most likely manage to successfully break above the resistance pushing the price towards its Local High.
It tried to break the Weekly Trendline resistance but failed to hold the price upward pushing the price below trendline again. The newly created demand zone managed to hold the support and it has been keeping the price stable for last couple of days while forming Right shoulder.
It wont be long before DENT tries for another breakout and this time combined with the Head and Shoulder pattern, it will most likely manage to successfully break above the resistance pushing the price towards its Local High.