Declout has been trading from 0.154 to 0.168 for more than a month before it managed to clear above the resistance at 0.170 over the past few trading days… it has also finally just BROKE ABOVE THE 200 DAY MA (Long term trend line) last week which can signal a change in long term trend direction to upwards. Likely to trade in the range of 0.170 to 0.175 before more upside as volume is thin. Not for contra as volume is thin, may have to hold and ride the uptick. Note that it has been hovering above the upward sloping channel support line formed since Nov last year so as long as it stays above it, still bullish in the long term. Target would be to 0.180 then 0.200.
Stop loss at 0.166
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