LSE:DXNS – Initial Target Hit

Initial target of 17.9 hit where price has now stalled, producing a ‘Riskshaw Man’ Doji. Next Target on P&F Vertical Count is around 27.5 but a sensible interim target would be the swing high/lows around 20

– OBV confirms recent price gain
– As there’s no momentum divergences building it’s hard to guess if we’ll see a decent retracement to the 15-16 support level or continue gains
– Buy signal on daily MACD
– We’ll need to see how price develops before making a decision (as it could be a pennant forming, or a retracement may also develop) but fib retracement could help, or just use a close above last high to confirm continuation of trend
Original analysis can be viewed here
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