PSE Ticker

Wednesday, December 18, 2013

Bottom for DNL?

Has DNL bottomed out already at 6.0 ha is now ready for a reversal or it is just a 1 day wonder? Today we have seen DNL’s volume which is very big. Does ATR knows something that we don’t? Just like BLOOM, DNL has been falling for few weeks now and finally we see a large green candlestick which could be a signal for reversal. Resistance is around 6.30 where Kijun Senline is. If this will be broken, next resistance will be the Kumo or Cloud. As of this time, all elements from Ichimoku system is still in red. Be cautious if you want to enter because it might not be sustain its rally.
Caveat!

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