DAF Weekly 28 May DAF is at an interesting juncture just now....

DAF Weekly 28 May

DAF is at an interesting juncture just now.
Currently sitting at highs not seen for 7 years.
The consolidation & accumulation over the last 2 or so months seems to be nearing its conclusion & we are now at the mid-point of the targeted range (0.045 – 0.065) since moving into this current range.

What happens next will be interesting to watch. There has been little selling & few sellers visible lately.
The Stochastic is just into the overbought area though & therefore some pullback or further accumulation under 0.055 may take place but the other indicators are positive.

With current resistance around 0.055, increasing vol over the last three weeks & positive looking indicators, a continuation / breakout seems likely which could see the slow continuation of the uptrend & the next resistance / target reached somewhere up around 0.065 area  over the coming weeks unless the top 20 suddenly lose interest & leave but that seems unlikely.

Looking promising.