DCC 4.44% 4.3¢ digitalx limited

TA Thread

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    Firstly lets start of with DCC's new lease on life, not only with BGL but in technical terms. It has just broken its 2 year downtrend which is very significant.

    DCC downtrend brake.PNG

    It has also just broken through its 7month overhead resistance of 4.8c, with significant volume to confirm the break out.

    DCC 2.PNG

    Would like to see a day or to more of consolidation in the upper half of the breakout bar before it moves up again. I would imagine there would be plenty of news in the backpocket with the recent onboarding of BGL to help push this up.

    Alot of stale holders/resistance would have been taken out with the recent flood in of volume, plent of oppurtunity for them to have got out.

    First resistance/target is 6.6c
    Last edited by Johnnyzadeh: 28/08/17
 
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