Divis Labs - Distribution PhaseNote: This is for educational purpose only.
Bearish cloud cover formed near resistance. Break below support will lead to further downtrend. RSI indicates loss in momentum too as RSI below 50.
Divislabanalysis
DIVISLAB GOOD FOR LONG TERM?DIVISLAB IS STARTING TO MAKE THE SAME RECTANGLE CONSOLIDATION PATTERN THAT IT HAS FOLLOWED THREE TIMES AND WHENEVER A BREAKOUT HAPPENS WE HAVE SEEN ALMOST 190,270,430 POINTS IN PAST.CONSIDERING IF WE HAVE A SAME PATTERN IN NEAR TERM AND IF A BREAKOUT HAPPENS ABOVE THE RANGE WHICH WE ARE PREAMPTING AS IT IS NOT CONFIRMED THAT WE HAVE A NEAR TERM RESISTANCE AT 2550 BUT IF IT HAPPENS WE CAN WITNESS A MOVE OF 670 POINTS ATLEAST IN FUTURE.
