Looking at the trends - barely recognisable - and the candle sticks, I don't think DNR is going up for the coming weeks/months. Wondering what you think? Disclaimer: am a newbie, so also here to learn. Happy to receive constructive feedback.
Sliding on the support, MACD and RSI looking promising. Let's see what happens next.
Hello everyone, we have ABCDE pattern very clear on the chart and what we want to see in order for the pattern to be correct is a strong impulse wave to start from 0.2950 - 0.3000. Oil had somewhat recovered, SP500 and NASDAQ have also risen +2% and we are falling together with the other oil penny stocks, which I think is just the opposite that we should have...
Strong support at 85c. Any price here would be good for long term
RSI back to oversold and ready for u turn, lowest it can go further is around 14 area. But this is a good start position.....
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The decline in the exchange rate has not yet been completed. Based on ATR calculations, 86.7% of the 6.83 usd peak is expected to be down. This level could be 0.93 usd. This is considered to be the level of circulation. From here we expect an ascent, which means building a double wave structure. The second rising wave structure may emerge from a side band. The...
My thoughts on this: i would buy retest on handle.. Weekly rounding bottom DNR.
DNR while a smaller cap stock, looks prime to BO riding the newfound rally in crude. I hear a lot of traders calling for a PB here in crude, but I am seeing 62.75ish in light sweet before it tests any support. Reason for this is the fact that fibs on crude show the 127 is hit and the 161 is next. Usually the 127 is like a wall where the PA bounces off, but this...
Hello, Check this out. If you are in DNR you might want to jump out, as resistance is holding the stock back. There will be a time to get back in, so stay tuned!
if you're looking for an entry it would be around here. I think the price is going to dip a little in order for momentum to reset, personally i'm looking for another entry around 3.20 to pick up a little more. Will re-evaluate when that time comes to see if its still a good entry but for now thats my plan.
The larger fib retracement tool is drawn from the previous high (not all time high), but when the energy sector starts its decline. The smaller fib is recent low with the market crash, and they both seems to be overlapping at the recent peak. If we break out of that point, we should expect a move to a higher fib and we can always use the current fib as a stop loss...
crude oil is slowly recovering as Opec cuts slowly. get in low debt companies as they will become cash positive in 2018.. then transfer to renewables.. NYSE:DNR