DAO appears to be ready for a resumption of uptrend after finding support on each test of 3 tests of the 200 EMA. The stock has carved out a very symmetrical Inverse H&S on top of the 200 EMA.
I understand the uptrend projection appears ambitious, I simply took the same angle as the downtrend and projected it to the upside. In both of the prior upward thrusts 20% returns occurred in 1-2 days. Let's see what happens.
I understand the uptrend projection appears ambitious, I simply took the same angle as the downtrend and projected it to the upside. In both of the prior upward thrusts 20% returns occurred in 1-2 days. Let's see what happens.
