Special Analysis on DQ - it is about time!Some time ago, a good friend tol me about buying DQ. That's when I started tracking for this friend's benefit, and offering my own perspective. Real as it was, previous calls were pretty on the spot and DQ dropped significantly since I started looking at it on occasion.
I am looking at it again now... and I see nice things for a bullish run to commence soon.
1. A double bottom formed
2. on the back of Bullish Divergences of both MACD adn VolDiv indicators. (See green arrows below)
3. XLE and friends like BTU (just posted) and ENPH are showing their own bottoming out.
4. Projected to about 29ish and then possibly to above 40 in the longer run. For this, we need the bottoming pattern to complete and start a proper bull rally, which is then likely to be clearer to double-triple the current price of today.
Time to really look and maybe accumulate if you ask me.
DQ
DQ finally BullishDQ has finally breakout from its bear trend
Next step is we need confirmation that its a bullish breakout , it should retest the descending channel resistance outer line which should now become the support
Once the retesting is confirmed entry can be made around 27/28 area
Entry @ 28
SL 20
TP @ 36
Special Analysis on DQ - bleeding now…Previously, I said this would be a slow bleed to death… it is bleeding critically now.
32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.
Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.
This was projected months ago … now it is walking the talk.
Good luck my friend.
DQ almost there but NOT yet…. One more spike downQuick update for a good friend…
DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32…
And then if and when that happens, should be time to consolidate for a rally proper. BUT until it plays out as expected along the way, dun see upside just yet.
Special Analysis on DQ - a slow bleed to a bounce6 months ago, 32.20 was the critical support called. A slow bleed over the last 6 months saw little upside move and a slow bleed downwards. The technical indicators are admittedly not as bearish as I thought it might be.
DQ is seen to head further down, visiting as deep as 32, but not likely crashing further, particularly where the MACD is building a bullish divergence, while VolDiv is starting to rise.
Special analysis - DQA bit ago, a good friend asked me about DQ. I was not familiar with this (new) energy company, but was just looking at pure technicals. Had a heads up that if a support level was broken, there would be further downside. Needless to point out. It happened, worse that I had expected.
Now that December is over, looking at the monthly chart bodes very badly for DQ. It can get DQ-ed in many aspects. Here is what I see…
1. Bearish Monthly Marubozu candlestick just speaks volumes. It closed at a multi year low on a very solid bearish candlestick - the marubozu.
2. The topping pattern of lower highs and lower lows put a critical support at 32.20. Once broken, it is possibly to drop swiftly to 10-12.
3. The Monthly MACD crossed down and continues to trend down. By the time the Signal line crosses down below zero (into bearish territory) prices should have broken below the critical support.
4. Similarly, VolDiv indicator shows no accumulation.
Given the set above, the coming month(s) will really test 32.20 critical support. I do not these odds, and already appears ominous that something not very good is about to take place.
This is what I see based on what I know…
Heads up into 2023.
This is dedicated insight to my good friend :)
Happy New Year!
6/20/22 DQDAQO New Energy Corp. ( NYSE:DQ )
Sector: Process Industries (Chemicals: Specialty)
Market Capitalization: $4.296B
Current Price: $58.44
Breakout price: $59.80
Buy Zone (Top/Bottom Range): $55.00-$35.85
Price Target: $79.60-$82.60 (1st), $129.00-$132.80 (2nd)
Estimated Duration to Target: 210-218d (1st), 452-476d (2nd)
Contract of Interest: $DQ 1/20/23 75c, $DQ 1/20/23 95c
Trade price as of publish date: $7.20/contract, $3.70/contract
LONG DQ (DAQUO ENERGY CORP.)s.e.48.26
s.l. 34.56
t.p 124.92
The graph show an evident bearish trend, however the MACD and SMAs evince an imminent trend inversion. The volume confirms that the forecast could be correct because it is diminishing in the time. The alligator shows that the down trend is heavy, consequentially we need to wait to make the entrance at 48.26.
no financial advice
THE Bubble of a life-time; Economic Stagflational Transition Month over month growth vs. year over year growth. It's that simple. For those of you who watch CNBC, Fox Business, or any other mainstream org turn it off and tune in to reality. I can't formulate YoY% nor normalized charts here on trading view (go figure..) but I can do my best to show you all that this is quite the time to be alive as either/both a speculator or a trader.
With 89% of companies reported, S&P 500 GAAP earnings are down 57% over the last year, S&P 500 Sales down 12.2%.
S&P 500 YoY sales growth by sector...
Technology: +4.3%
Health Care: +0.6%
Consumer Staples: -0.3%
Communications: -7%
Utilities: -8%
Financials: -9%
Real Estate: -10%
Materials: -15%
Consumer Discretionary: -18%
Industrials: -26%
Energy: -52%
Now, with only 38,000 hospitality and leisure jobs added last month, how do Trump's ads about him having record employment feel after looking through a year over year perspective? Manipulative?