Clearly it's just going to go higher, just like all of the balloons that will be filled up with $DMEHF's helium. Slipping out of the birthday boy's hand and floating off into the stratosphere.
In my previous post on DMEHF, I speculated that Desert Mountain Energy would continue sideways until mid Feb. This pattern has changed slightly from a symmetric triangle pattern to an ascending triangle pattern -- we're making higher lows and retesting the line of resistance on the weekly at $1.49. On the daily, the 20 day moving average is starting to creep above...
Bullish Pennant, awaiting confirmation (43%) Pros: Volume during post formation Descending volume during triangle formation Volume at break out PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 5 250RSI above 50 200MA ascending Target: PT = 3.45$ Help how ever you can to keep this alive. Thank you to those who have donated...
DMEHF has been trading sideways for the longest time and chart pattern suggest that there is more of it to come until late February/early March. We have a line of support at ~$1.10. On the upside, we have a line of resistance at $1.48.