DNL's price action last week has tested the resistance zone at 11.42~11.94 and formed up a minor trend reversal candlestick pattern, Tweezers Top.
Immediate support area is around the recent breakout level from its 5-month upward price channel and the previous resistance at 10.6.
Trading Plan
- Avoid for now and monitor for breakout or toppish confirmation.
- If currently in a trade, scale down position and profit run the rest with trail stop.
- Only buy-on-breakout if supported by volume (must be a breakout from the resistance zone).
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