Note about Technical Analysis
I was not a profitable trader until I learned technical trading techniques from the James16 Group. I am currently a lifetime member there, and I have been with the group for about 2.5 years.
Trading is always variable. Meaning, losses are inevitable. I am human, and I make mistakes like anyone else.
Summary
DUB.ASX is showing downward pressure, as price has broken through the support area at 0.665 AUD. This support area is likely to turn into resistance, feeding the downward momentum.
Possible price targets could be 0.425 to 0.47. If price breaks this level, it may head to 0.35.
Devil's Advocate
Price had a nice strong push up back in November, 2015. This may offset the downward pressure by stalling it and forcing price back up above the resistance. If this happens, price is likely to retest the recent highs.
About DUB.ASX
DUB trades on the Australian Stock Exchange.
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