Juliac

DNLI - getting ripe for a rebound soon

Long
NASDAQ:DNLI   Denali Therapeutics Inc.
DNLI appearing to be finding support at the 38% fibonacci retracement level (60.0-60.50). The selling volume has been diminishing and there is also a potential bullish divergence setting up between price anad stochastic. Looking to long at the break above 62.20 with initial stop @ 59.70. Near term target @ 72.

Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to comment and join the discussion! :)
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