DMP @ 4 NOV 2021
Text me if you have any questions/comments for me.
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DMP
- Previous analysis was done on 12 Oct (red arrow) -> Suggested waiting for a series of HHs and HLs due to Structure Break
- Since then, it tested $132 levels as a support before trying to break the short- and mid-term resistances
- Today’s huge gap down to the strong support at $115 levels proves that the Structure broke in early Oct
- Trend Followers buy stocks that are in an uptrend and DMP hasn’t been up-trending for a few weeks
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
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DMP
- Previous analysis was done on 12 Oct (red arrow) -> Suggested waiting for a series of HHs and HLs due to Structure Break
- Since then, it tested $132 levels as a support before trying to break the short- and mid-term resistances
- Today’s huge gap down to the strong support at $115 levels proves that the Structure broke in early Oct
- Trend Followers buy stocks that are in an uptrend and DMP hasn’t been up-trending for a few weeks
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
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