DUOL looks to bounce from a fib retracement LONG.
DUOL on the 30- minute chart shows a healthy pullback of about 5% from its ATH reached both
Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from
the pullback to put in the second ATH and then dropped 5%. The question here is whether,
CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s therory
applied). The bottom wicking on the last two candles is significant and may suggest and
impending reversal. This was a great trade from the earnings. I will not mind at all if
it is setup and ready to go at Monday's morning bell. The predictive algo forecasts a
quick rise to 246 or about 7% upside. DUOL did run up hard before. Recently it may
have attracted some shorts who will sell quickly if a 6% jump occurs. Potentially,
a short squeeze could send DUOL higher than the forecast. Time will tell.
Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from
the pullback to put in the second ATH and then dropped 5%. The question here is whether,
CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s therory
applied). The bottom wicking on the last two candles is significant and may suggest and
impending reversal. This was a great trade from the earnings. I will not mind at all if
it is setup and ready to go at Monday's morning bell. The predictive algo forecasts a
quick rise to 246 or about 7% upside. DUOL did run up hard before. Recently it may
have attracted some shorts who will sell quickly if a 6% jump occurs. Potentially,
a short squeeze could send DUOL higher than the forecast. Time will tell.
Trade attivo:
News and Analysis stockanalysis.com/stocks/duol/