Turning Down
Our Pivot: 101
Our Preference: Start short selling DGKC below 91.60 and average it out till 97.60 with strict stop loss of 101 and profit target at 78.81 with extension towards 72.60.
Alternate Scenario: Upward penetration of 101 would call for 107 and 111 therefore cut and reverse at that region would be beneficial.
NOTE: DGKC is being capped by strong resistant trend line along with a three consecutive horizontal resistant regions. Mean while weekly momentum indicators are trying to change their direction.
Weekly Chart with Supports & Resistances:
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