I'm very bullish on DE for so many reasons.
There is a Bollinger Band contraction pattern with a big bullish candle crossing the midline,
highlighted by the yellow O on the chart. This is an entry signal.
Demand has increased and will soon absorb the supply at this level clearing the path for higher prices. This is evidenced by the increasing volume of the past 5 trading days and the bigger spread candles of the past 3 days when compared to the candles and volume since the trend top
on 1.27.2025.
The CCI indicator is also rising confirming that buyers are entering the market.
There is a double top forming and if the price breakouts I think $540 is very possible.
There was an earnings beat last week with several price revisions by analyst following this stock.
There is a Bollinger Band contraction pattern with a big bullish candle crossing the midline,
highlighted by the yellow O on the chart. This is an entry signal.
Demand has increased and will soon absorb the supply at this level clearing the path for higher prices. This is evidenced by the increasing volume of the past 5 trading days and the bigger spread candles of the past 3 days when compared to the candles and volume since the trend top
on 1.27.2025.
The CCI indicator is also rising confirming that buyers are entering the market.
There is a double top forming and if the price breakouts I think $540 is very possible.
There was an earnings beat last week with several price revisions by analyst following this stock.
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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.
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.