1. It's definitely overbought, RSI 79 (Monthly) RSI 58 (Weekly) RSI 50 (Daily)
2. Losing volume, based on volume indicators less volume with rising price is again bearish indicator.
3. could be good to consider buying at Fib level 0.5 at $0.750, Its also price consolidation zone just around 30% retracement from current price.
4. Ideally best buying should be in support zone between 0.420 - .0375.
Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
Comment:
Comment:
As expected, DEG is making lower lows and heading south correctively, which may offer a Buying Opportunity in the Buy Zone of 0.65 - 0.850 range.