long term downtrend - under attack

Really liking the technicals for DEG here - Could be gearing up for a strong run.

Very solid buying today with strong buy depth.

Heres what i like. Check out the 5 year weekly chart.

Stock is having a crack at the down trending long term resistance line.

* Note the basing pattern - a break out of this range could lead to some fire works.





Here is a scoped in 1 year version of the weekly chart.




Finally heres the 3 year weekly chart for fun - shows a Possible cup and handle formation?

DEG Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held