Deyaar under pressure

4 lug 2020

This was in a nice uptrend stock as you can see the trend line was broken 18th june and retested & rejected on 19th june. Its now in a down trend and on thursday it opened with a gap down indicating buyers are still not interested to buy at this level. If in tomorrows session if it can open with a gap up and close above atleast .280 or higher a pattern can be confirmed. In candle stick patterns its called abandon baby and if the pattern is confirmed new uptrend can start and stock can trend upwards. As of now its not tradable as it can still go down side so lets wait till in breaks the trend line and confirms that uptrend is resumed.

This analysis was done at the request of a trade mkhaggag

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