DMX Tech: Time to Get Out!

  • Post author:

DMX Tech breakout from a Falling Wedge and reach the price target of $0.54. It is time to get out at this level due to the following reasons:

  • Have reached the breakout price target.
  • Reaching 52 weeks high and the resistance.
  • Rolling PE is 39!
  • RSI in Overbought region.

It is time to take profit and keep money in your pocket! Good luck!

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DMX Tech: Forming A Falling Wedge

  • Post author:

DMX Tech is forming a Falling Wedge and currently testing the 20D & 50MA support.  Current chart pattern looks bearish:

  1. The stock has broken the 61.8% Fibonacci Retracement support at $0.35.
  2. Lower Low, Lower High chart pattern is formed.
  3. 200D MA line start to turn the direction towards south.
  4. 50D MA line is on the down trend.

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