DIAMONDYD - The stock recently witnessed a sharp displacement move and has since been consolidating in a tight range near the highs, which is generally a positive sign. During this consolidation phase, volume has gradually dried up, indicating limited selling pressure.
The overall structure remains bullish, with EMAs aligned in a positive manner. The immediate hurdle is near the 1212 zone, which is the recent swing high.
A decisive breakout above this level could open the door for a move towards the 1300 zone.
Keep it in your watchlist.
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The overall structure remains bullish, with EMAs aligned in a positive manner. The immediate hurdle is near the 1212 zone, which is the recent swing high.
A decisive breakout above this level could open the door for a move towards the 1300 zone.
Keep it in your watchlist.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/SatpalS/
📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.