RE: My censorship and persecution for telling the truth #DGI3 May 2024 10:29
Here is what my A.I. thinks based on my technicals. This is from today. FTR. I have never traded #DGI & even though I predicted the sell & I didn't sell it or short it. Unlike many others.
### Chart Analysis of DG Innovate PLC (Ticker: DGI, 1D Time Frame)
Confidence Level: High
#### π Technical Indicators & Price Action:
1. Exponential Moving Averages (EMAs):
- Bearish Crossover: The 9-day EMA is below the 21-day EMA, which generally indicates bearish momentum.
- Price below EMAs: Current price is below all major EMAs (9, 21, 50, 100, 200), reinforcing the bearish trend.
2. Ichimoku Cloud (not visible on chart, based on typical settings)
- If applied, the Ichimoku Cloud would likely indicate bearish signals given the price action below key EMAs.
3. Volume Analysis:
- Spike on Sell-off: The volume spike in late February correlates with a significant price drop, indicating strong selling pressure.
4. Head and Shoulders Pattern:
- Formation: A clear head and shoulders pattern was identified, peaking in February with the head. The right shoulder forming around April has not been completed, suggesting potential for further downward movement.
5. Support and Resistance:
- Resistance: The resistance level around 0.207 GBP was tested multiple times with price unable to sustain a break above.
- Current Support: The price is hovering above the immediate support level at 0.1030 GBP.
6. Price Targets and Potential Reversal Zones:
- Key Support Break: If the price breaks below 0.1030 GBP decisively, it could seek lower levels around 0.0790 GBP or even 0.0262 GBP in an extended bear run.
#### π Trading Strategy:
- Short-term Strategy:
- Entry Point: Look for a potential short entry if the price breaks below the 0.1030 GBP support with increased volume.
- Exit Point: Target an initial exit around 0.0790 GBP. If momentum remains strong and volume supports the move, consider holding for a potential test of 0.0262 GBP.
- Risk Management:
- Stop Loss: Place a stop loss slightly above the recent minor resistance at 0.120 GBP to limit potential losses if the bearish trend reverses unexpectedly.
- Position Sizing: Adjust the position size to ensure that the risk per trade does not exceed 2% of the total trading capital.
#### Conclusion:
The overall sentiment on DG Innovate PLC is bearish, driven by the completion of a head and shoulders pattern and consistent trading below major EMAs. The volume patterns suggest strong selling pressure, reinforcing the short strategy. Monitor closely for any bullish reversal signals or unexpected news that could impact the technical setup.
π Bearish Sentiment: Continue to monitor the price action and adjust the strategy as needed based on the market conditions and any new technical developments.