Wednesday , January 24 2018
Home / Blogs / Daimler(DAI) Technical Outlook

Daimler(DAI) Technical Outlook

Daimler(DAI) Technical Outlook

 

A historical high at $96. 44 -0.93% USD/share was made for DAI (Daimler) in the year 2015; after that the price was losing in value heavily and reached a low at $ 52.16 USD/share in 2016. Since that time DAI has been trading in a corrective phase and forming a minor upward movement. Anyway, according to my technical point of view, DAI has been rejected triple times at the price zone around $ 73.4x USD/share, so namely at around the level of 0.50 Fibo retracement measured from the swing high in 2015 to the swing low in 2016. The 0.618 Fibo level is probably the coming target for DAI to reach and in that case, DAI will be traded on our drawn upper trend line channel and it will lead the price action to the next level price from $78. xx -4.69% USD- $82. xx -4.69% USD/share.
I prefer to buy and hold DAI when it will make its next minor swing low to touch the lower yellow trend line and swing up again.
Take your look at the depicted chart for more reference.

Trade well!

Makkaba team



Daimler(DAI) Technical Outlook by NamMinh on TradingView.com

About Makkaba Co., Ltd.

Makkaba Co., Ltd.

Hotline: (+84)(0) 904935786; Tel.: (+84) (0)28.35208726
Email: m2mtradingsignals@gmail.com - Phone:

Check Also

FxWirePro: Asian markets start new week on a positive note, Gold hits fresh 4-month high at $1,342 mark

Asian markets start new week on a positive note, Gold hits fresh 4-month high at …

3 Reasons the Hottest Marijuana Stock of 2017 Will Go Even Higher

(Nasdaq)-It’s still a little too soon to declare Aurora Cannabis (NASDAQOTH: ACBFF) the best marijuana stock of …

Leave a Reply

Your email address will not be published. Required fields are marked *