WEB (Chart: Daily Resistance: 0.048/0.050/0.0525 Support: 0.046/ 0.044)
WEB is forming a symmetrical triangle. Price movement for this week may either move side to upward. This is very eligible for range trading. Recommendation: You could trade the range for this stock. Buy at 0.048, sell at 0.055. Watch out for resistance at 0.050/0.0525. Cut loss at 0.046.
DMC (Chart: Daily Resistance: 7.40 Support: 7.10)DMC is forming a symmetrical triangle with target price at 8.90. Recommendation: Buy only on breakout. Price may still move side to downwards. Currently 65 day MA is providing support. Keep a close watch for this stock as breakout may happen this week. If the 65 day MA is broken downwards, expect a move further down to 6.90. If the price moves sideways for this week, we can redraw the support line and see if the symmetrical triangle is still intact.
IPVG (Chart: Daily Resistance: 7.10 Support: 6.40/6.30)IPVG’s support was redrawn, and the ascending triangle is still intact. Price action may still move side to downwards. Recommendation: 6.40 is a good level to buy, but also watch out for dips to 6.30. Cut loss at 6.00
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