Darling Ingredients - Clean uptrend with regular pullbacks

Dec 20, 2020

Another one with a clean uptrend. Considering it tried to break 50 resistance level twice and failed, also price consolidated between 45 to 50 before breaking out, this can act as strong support level. Next levels of support are derived based on pivot lows (both higher lows).

Volume on last bar is very high - which might signify exhaustion. Hence, we may have a pullback shortly. (Or it may just consolidate as last time)

Jan 28, 2021

Note

Closed this position for time being. Will look to enter when volatility drops