More TA Analysis....
I am a massive buyer of 3DM at 13-14c.
From the looks of it 12-14c was a massive resistance zone for 3DM from March 2-6. On the 6th it opened within this resistance zone and had a close above circa 15c (with a top wick that went slightly higher), forming a bullish candle on the day. There were 2 more bullish candles following which lead to a breakout of the resistance zone and new highs.
A bearish candle followed by a doji signalled the correction. As you can tell 3DM had its big correction on March 12th as expected and then on the 13th it had a bearish candle with a MUCH smaller body and a small top wick. The old resistance zone became the new support zone, with very strong support at the 13c level.
My prediction is that Monday can go either way but by mid-week it breaks this consolidation that has been forming and breaks out past 15c, leaving it behind for good. My 2 week PT is north of 20c.
GLTA. DYOR.
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