Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching.
Trading volume is low on the current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
DGKC is now set to produce a correction, this correction is set to develop in the short- to mid-term.
RSI indicator if at over bought level while MACD is line is above the signal line, and can show a cross over which establish some negative stance on the price.
Fibonacci levels for the support are PkR123 (0.382 level) and PkR119 (0.5 level) from where a pull back can be expected
On the flip side, if the price gives a break out and closed above PkR137 level then only new bullish wave is expected.
Trading volume is low on the current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
DGKC is now set to produce a correction, this correction is set to develop in the short- to mid-term.
RSI indicator if at over bought level while MACD is line is above the signal line, and can show a cross over which establish some negative stance on the price.
Fibonacci levels for the support are PkR123 (0.382 level) and PkR119 (0.5 level) from where a pull back can be expected
On the flip side, if the price gives a break out and closed above PkR137 level then only new bullish wave is expected.
Nota
Update on DGKCBoth the entry levels are achieved and currently price is at 129 almost above 8.40%. Notable resistance lies around 137 from where short term profit taking can be seen.
Nota
DGKC 135 🚀🚀Dagangan aktif
DGKC break neck line resistance, next resistance lies around 142
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.