DIN - Resistance R3 and Fib levels
1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , Fib 28% price level coincide with today's GAP-up OPEN price level .
6/ Today APR 29 price bar is similar to 'MARCH 26' price bar ( both days market optimism about economy opening up) . After MARCH 26 th we saw 3 days price down bars. We may see similar down bars retracting to Fib 23% level .
6/ toays' Resistance R1' line is -------> new Fib retracement level 38%
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