Technical analysis:
DASH/DOLLAR is in a range bound and beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 47.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (417 to...
DASH has broken upwards out of the parallel channel it was trading in since the last several months.
MACD is indicating a bullish divergence.
RSI has room for more buys.
Its probably safe to go long now.
The 1st probable target from this point is ~927
The 2nd target if it bypasses 1st is ~965
Stop loss around ~873
As always, please provide feedback on the...
Dash USD - CMP 783.
All EMAs sloping upwards coupled with a right triangle (penant) breakout pattern.
Price moving towards 850 plus highly probable.
Stop at base of the penant.
Dash USD - CMP 783.
All EMAs sloping upwards coupled with a right triangle (penant) breakout pattern.
Price moving towards 850 plus highly probable.
Stop at base of the penant.
I see an uptrend coming. MACD will confirm it in a bit, but RSI looks good. It'd be fairly safe to go long slightly above the blue trend line once the uptrend is confirmed. If it falls, it'll find support at the channel.
Appreciate your feedback, thank you.
