Monday, February 8, 2016

DNL



DNL traded with 18 million in volume last friday. Since Monday was a holiday (Happy Chinese New Year!), S&P's -35 point drop might slightly affect this uptrend. If the 8.40 price is broken, next resistance will be at the 9 peso level which is 50% of the fibonacci retracement.

Stochastics is nearing oversold territory however RSI still has to catch up.

Caveat Emptor.

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