DNP Long Position
Overall DNP was in the macro uptrend, however recently the head and shoulders pattern played out and the major upsloping support line was broken.
The technical target for head and shoulders patterns has been reached and now the price is sitting on the major horizontal support. We are expecting a temporary bounce towards the previous upsloping support the is expected to be resistance now.
Our entry, target and stop loss are shown on the chart.
The technical target for head and shoulders patterns has been reached and now the price is sitting on the major horizontal support. We are expecting a temporary bounce towards the previous upsloping support the is expected to be resistance now.
Our entry, target and stop loss are shown on the chart.
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