DM Stock Price. What is happening?This week Datametrex's SP has been flat. There seem to be a balance of power between longs and shorts but that will change any moment.
Whilst the stockmarket shorts are in control in the HTF, Prices are at oversold levels neccesiating a reversal. Breakout to the downside is IMO possible but there are reasons why we might have a prolonged bull run
- HTF price oversold (below 0 in RSI)
- LTF price bullish.
- Tech stocks are having a rally and so is DM.
- Datametrex has NCIB in place that could drive price higher.
IMO, 0.095 might turn to a support as DM drives higher