Up-trending channelPossible continuing up-trending channel on the weekly chart.
See chart for comments.
DTZ trade ideas
DTZ:ASX - DOTZ NANO - Up 600% since March lowsDotz is a stock I have been watching for a while. I really like the idea of their technology in the logistics space and its use in tracing, anti-counterfeiting and product-liability solutions. It can be embedded into plastics, fuels, lubricants, chemicals, and even Cannabis plants to create product specific codes and trace for origin. They have had a few good recent announcements in their technology being bought and used in the medical space. Bollingers are contracting so hopefully a bigger move soon one way or the other. Would like to see some more volume and RSI heading up before any entry though. Could be worth a watch.
DTZ reversal looming?DTZ may be close to a reversal and could be targeting the down trend line which would provide a target of about 18-20c short term. Volume recently has been encouraging and fundamentals have been improving with several new deal announced which equate to revenue.
One to keep an eye on.
