DPLS has played out almost perfectly against the Fibonacci retracement so far. Considering that it was denied around $0.20, retraced the move back to the 786 fib line, which is also around 10/11 cents or about 0.005 shy of where DPLS got denied during the June rally is interesting. If you look at levels, around 4/5 cents in February was a resistance that couldn't...
It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those...
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"The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage." - Charlie Munger Cathie Wood believes that the dotcom bubble burst because we were not ready for the tech at the time... This time we are. Dear readers, I bring you one of my most precious gems, one of...