$DIA ANALYSIS ON HOW IT HELD ITS PRICE LEVEL!
After getting rejected at its new high, we were able to witness how DIA immediately went back to its demand zone.
This is where most buying orders were setup with these factors in consideration:
- Establishment of new support at previous major resistance marked by the tough-to-break sell orders at price range 0.59-0.72 since 2022 until this year.
- Accumulation phase has now ended and markup phase is on process. Creating newer higher lows on top of previous higher highs.
- Marking the prices of 0.31788, 0.5127, 0.6210 & 0.70 as new major supports.
- More resistances should be retested as per buyers' and sellers' agreement to sell at a higher price and buy at the best lower possible price.
These are just some of the factors we've considered with DIA and for this to work, the whole market have to continue expecting more from this than the other way around.
Stay wise, trade cautiously.
