DTE dart energy limited

A pull back in a uptrend (to 16c support) is actually positive...

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    A pull back in a uptrend (to 16c support) is actually positive in my opinion.

    stocks need to take a breather sometimes and cant keep going up every day non stop, I know their was a dump of stock on Closing,it happens, i.e changing the candle on closing, but anyone with sense takes into consideration the Volume weighted average price of the day.

    and its only one day after a "massive run" in Price performance.

    The VWAP (Volume weighted average price) was 16.6c

    stocks need to take a breather sometimes and cant keep going up every day non stop.

    They call this "facing the wall of worry" when stocks are in a uptrend.

    The Trend Strength is very Strong with a ADX well over 30 now, so the Trend can handle a pullback before continuation of the uptrend.

    Anyone could have done that on closing, retail investors too, the buyer support had dried up at 16.5c near closing so a opportunity arises... someone took it, or it could simply have been a genuine at market sell on closing.

    Either way it looks very good for DTE to continue moving up, its trending very well.


 
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