I'm not really sure about that. A descending triangle is usually bearish but have seen it being broken upwards out of. The area between 11-sep to 25-sep is strange because it could even be a falling flag or a double top.
It almost looks like a triple top. If it is then we are at the peak of the third top and may see the share price go back down to 1.1 to complete the pattern before it starts to run.
There is enough other TA factors which keep me interested in DUO.
- decreasing volume with decreasing share price
- the fact that the share price is still in a channel. It depends on when the fundamental news comes out but I have a feeling that the share price could even break the channel on the next run up.
I usually trade short term but I've been holding DUO because I think it has a lot of promise. I plan to hold for at least another week to see how things go.
There is also continuous algo manipulations so the bots seem to want in as well. I have a theory that some of the naysayers and DUO downrampers on here are from the brokers who are accumulating.
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