GREY:DULMF - Post by User
Post by
jewel1on Jan 20, 2010 5:36pm
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Post# 16701455
T.A. Opinion?
T.A. Opinion?From a T.A. perspective DM still appears to me to be overbought. The RSI is 71.70 and the P&F Chart hasn't changed. It still has a target price of $3.44. When it briefly hit the lows of the day it started to look like a good entry point but I wanted to see if it was going to go lower or higher from there. Given the close the days lows look like an attractive entry point in hindsight. Do you think that it will retesttoday's lows and maybe even find support at the previous highs which I think were in the mid $2.00 range? I wonder alternatively if it may find support at the $3.00 plus range because it seems to be trading on high volumes? It is still not trading at the 20 DMA which historically has been a good entry point but maybe this time will be different. I wonder if and when the P&F chart target price will adjust upwards?