DMX Tech: Forming A Falling Wedge

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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