DNL attracted my attention since it's full of attention right now. Thought of giving it a shot at charting and analyzing the current situation of DNL. The chart comments are full of uncertainty. Again, let readers be reminded that possibilities are never certainties. All target prices are hypothetical and subjective possibilities in nature. It is similar to coming up with a potential fair value with all available assumptions and existing data on its earnings and other fundamental figures.
DNL might possibly show an example of a measure move. Wherein the feat of the former leg will be repeated in the formation of the second leg. Always though, take caution that it doesn't always reach the target, and may sometimes overshoot or undershoot the target. Target assumptions might vary from analyst to analyst.
What we need to see in DNL right now is an established second leg up trend line wherein like the first uptrend would be tight and reliable. Macd for this stock seems to indicate a possible higher price appreciation. Further analysis should be done once more prominent price movements have materialized in the future. Technical readings changes daily; therefore it warrants that you check your charts daily.
As of now, I personally believe the market will allow DNL to move full steam ahead to higher prices. New higher highs and higher lows establishing a valid trendline should hammer out confidence on DNL. Always remember let the market Determine the New Leg should it continue the first leg run up.
No comments:
Post a Comment