D&O should be scaling new heights (TA perspective)

D&O has completed its 2 week correction and was strongly supported by its EMA42 (Red) trendline.
For the past week, its price has also been elevated and sustained above the EMA18(Green) line and closed at the high of 4.25. This strongly suggests a continuation of the bullish momentum next week.

Important indicators:
MACD - Converging and a golden cross may materialise. (BUY signal)
RSI - Elevated but remains below 80. Suggests strong buying momentum with low concerns of overbuying. (BUY signal)
EMA - Price closed above both mid term and short term EMA lines. (BUY signal)

Important price levels:
Resistances - R1 = 4.60
Supports - S1 = 4.25, S2 = 4.00, S3 = 3.80, S4 = 3.60
Prices along the uptrend channel boundaries should also be considered.

Possible movement for the coming week, ceterus paribus.
A test of R1 = 4.60 for a potential breakout.
A retest of S1 = 4.15-4.25 if breakout fails.
A slide below S2 = 4.00 should raise alarms and any buy decisions should be held off until clearer signals emerge.

A potential long entry would be near the supports or during the RETEST of the breakout price. The latter bearing higher risks.

This is not a buy/sell call, the final decision to buy/sell is yours.

交易結束：目標達成