A lower low (P8.30) might already be a sign for a change in trend, a sideway trend is much welcome than a downtrend. A lower high could also trigger the same.
This week's trading should give us more clear direction of DFNN.
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Monday, February 27, 2012
DFNN trade updates
DFNN break out of the triangle pattern but the last hour sell off of the PSE stocks gainers rubbed off to DFNN causing a gravestone doji to form (sign of bulls losing momentum) the next candle after the gravestone doji confirmed the losing momentum of the bulls. Good thing both the two candles still registered a higher high and a higher low keeping the uptrend still alive by a hairline...
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1 comment:
would it be safe to say it's downhill for DFNN? Low today was 7.73
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