Technical Perspective on Dotz... Hey mates, so I’m sure you’ve...

Technical Perspective on Dotz...

Hey mates, so I’m sure you’ve all noticed that Dotz has been trading sideways for the past few weeks. I was playing around with its price action chart, and wanted to share a few insights that occurred to me once I had the graphs in front of me. Other folks have mentioned that Dotz was following an ascending triangle pattern for the better part of the past year. As it began to reach the pointy end in late August, DTZ price action began a bullish breakout, with double-digit percentage gains and a surge in volume. Some accompanying press like the appointment of their new CEO and another commercialization deal in Paraguay. In the weeks since the breakout, volume has been on the wane as DTZ established what looks like a new support at 0.40 and may be following a new, shorter descending triangle. IMO, what these guys need is a catalyst--new deal, appointment, etc--that will get the party started again. Meanwhile I’m holding and waiting for some good news. Happy trading mates