Good Year For Dent So Far ...
Good Day folks,
I've been following/bought/sold DENT for three years now. Not much really happening till about February this year. That flat line prior to February goes back as far as you can see.
In the last year, DENT has a new year, 6 mth, 3 mth, and had a new 1 mth high so what's up. Well, about March 10 or 11 the MacD day trend dot appears and DENT goes wild with an almost 7X rise at April 9 where the Day trend dot appears again.
The rest of April was a downtrend which appears to have now reversed. The weekly MacD although fading green, is still green with an upturn, so positive. If this MacD day trend run is similar to the previous, we'll see a bit of sideways/accumulation between the two lower (purple) support/resistance areas, which reflects the slightly rollercoaster climb of the previous Day trend. Then mid May, a sharp upturn to the upper supp/res area where it'll either blow through (green arrow) or bounce back for accumulation with another run for the top (red arrows).
As I said, it's having a good year so far and there's going to be action in May.
My thoughts, not advice Oklah. Cheers
I've been following/bought/sold DENT for three years now. Not much really happening till about February this year. That flat line prior to February goes back as far as you can see.
In the last year, DENT has a new year, 6 mth, 3 mth, and had a new 1 mth high so what's up. Well, about March 10 or 11 the MacD day trend dot appears and DENT goes wild with an almost 7X rise at April 9 where the Day trend dot appears again.
The rest of April was a downtrend which appears to have now reversed. The weekly MacD although fading green, is still green with an upturn, so positive. If this MacD day trend run is similar to the previous, we'll see a bit of sideways/accumulation between the two lower (purple) support/resistance areas, which reflects the slightly rollercoaster climb of the previous Day trend. Then mid May, a sharp upturn to the upper supp/res area where it'll either blow through (green arrow) or bounce back for accumulation with another run for the top (red arrows).
As I said, it's having a good year so far and there's going to be action in May.
My thoughts, not advice Oklah. Cheers
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