Mines of Dalarnia (DAR)

On the above 3-day chart price action has corrected over 90% since the sell signal (not shown). Now is a good long moment. Why?

1) You know why.

2) Price action and RSI resistance breakouts.

3) Price action confirms past resistance as support

4) Price action confirms support on the golden ratio.

Is it possible for price action to fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: 6%
Duration: no idea
Return: no idea

Commentaire:

Just realised the most obvious cup n handle pattern. Sometimes you don't see the wood for the trees. Can now estimate a target of 300% to 70 cent area.

Transaction en cours

Transaction en cours:

Although it has been a year since this idea was updated it remains valid. In the consolidation period sellers have returned price action to support, the exact same price as originally published! Resistance is a 70% move away, highly likely it will be tested.

On the 10 day chart below price action prints a higher low with a lower low in stochastic RSI, this is a hidden bullish divergence.

Commentaire:

Did you catch it?!
FOMO kicking in?