As the title says, DNMR hit top of descending wedge the second time and confirmed the top after the fall from resistance. Looks good to short. Disclosure : Not a financial advice. Just analysing charts. I don't hold any positions in this stock yet
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The price action played out exactly as predicted. Now from 13.80$, expect a rebound until 14.40$ into the 4h supply levels. It could be a good level to short until the target of 1D demand level of around 12.14$ which is also the previous high on the monthly time frame.
Disclaimer : It's just an educational idea. I have no active positions in this stock yet
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