The chart looks healthy imo. Dent had a nice build up with a small pump touching the 119 level. Before going back down making a daily close above the 200 moving average.
Dent did not stop there and made a daily close with a double top at 103. Double tops to me are a sign that we will have a sell off. Taking profit around double tops and resistance levels can be smart imo but not a financial advice.
Dent had a 21% retracement from 103 to 80 finding support and respecting the trend line. now it looks like Dent slowly building up momentum again. I expect no crazy moves but think the resistance at 103 will be a easy target on the next leg up. Dent need to touch the 113 level and find support at 103. Before we can think about the next levels around 125 and 135.
Dent now trading above the 200 SMA and this is a bullish sign to me.
Dent did not stop there and made a daily close with a double top at 103. Double tops to me are a sign that we will have a sell off. Taking profit around double tops and resistance levels can be smart imo but not a financial advice.
Dent had a 21% retracement from 103 to 80 finding support and respecting the trend line. now it looks like Dent slowly building up momentum again. I expect no crazy moves but think the resistance at 103 will be a easy target on the next leg up. Dent need to touch the 113 level and find support at 103. Before we can think about the next levels around 125 and 135.
Dent now trading above the 200 SMA and this is a bullish sign to me.