📊 Technical Overview:
DNA stock is currently trading inside a well-defined ascending channel, bouncing between support and resistance levels. After a sharp pullback, the price is now testing a critical support zone around $12.50-$12.70 – a key decision point for traders.
🔍 Key Technicals:
✔ Strong Uptrend: Despite the recent drop (-7.92%), the stock remains within its bullish channel.
✔ Support Retest: Holding above $12.50 could trigger a strong bounce toward the upper channel at $17.19.
✔ ADX Strength: ADX at 31.98 indicates a strong trend—momentum is here, but will the bulls step in?
✔ Stoch RSI Oversold: Currently at 24.49, hinting at a potential reversal opportunity.
🚨 Trading Plan:
📌 Bullish Scenario: If support at $12.50 holds, expect a rebound towards $17.19 (next resistance level).
📌 Bearish Scenario: A breakdown below $12.50 could push the stock lower to $11.00 before finding new buyers.
🔥 Risk-Reward Ratio in Favor of Bulls! With a stop-loss near $11 and a target at $17.19, this setup presents an attractive risk/reward opportunity for traders looking to capitalize on a potential breakout.
💬 What’s your move? Are you buying the dip or waiting for confirmation? Drop your thoughts below! 🚀📈
DNA stock is currently trading inside a well-defined ascending channel, bouncing between support and resistance levels. After a sharp pullback, the price is now testing a critical support zone around $12.50-$12.70 – a key decision point for traders.
🔍 Key Technicals:
✔ Strong Uptrend: Despite the recent drop (-7.92%), the stock remains within its bullish channel.
✔ Support Retest: Holding above $12.50 could trigger a strong bounce toward the upper channel at $17.19.
✔ ADX Strength: ADX at 31.98 indicates a strong trend—momentum is here, but will the bulls step in?
✔ Stoch RSI Oversold: Currently at 24.49, hinting at a potential reversal opportunity.
🚨 Trading Plan:
📌 Bullish Scenario: If support at $12.50 holds, expect a rebound towards $17.19 (next resistance level).
📌 Bearish Scenario: A breakdown below $12.50 could push the stock lower to $11.00 before finding new buyers.
🔥 Risk-Reward Ratio in Favor of Bulls! With a stop-loss near $11 and a target at $17.19, this setup presents an attractive risk/reward opportunity for traders looking to capitalize on a potential breakout.
💬 What’s your move? Are you buying the dip or waiting for confirmation? Drop your thoughts below! 🚀📈
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.