ok, i looked at some long and short term charts.
long term support is at 3.95-4.00, then 3.80, and there's
an unlikely number of $3.20.
resistance at 5.25, 5.60 and 6.10. the 5.60 was hit
in 10/99 and 9/97.
dmx is an up channel that started in 98. the stochastics
is sloping positively at 56, so there's still room left.
in general the technical indicators are neutral.
so bottom line long term is dmx drifting slowly upwards,
and won't break through the 5s without some positive news.
the short term charts also show 4 support. an uptrend
started 1-14 has support at 4.48 and there's a sloping
line down , resistance at 4.80. one of these trendlines
is going to win soon, which will send it up to 5.25, or
back down to 4. there's no way to tell which line is going to win. overall there's a cup and handle formation. this
shows the stock continuing to go sideways and then eventually a sharp uptrend to follow.
i'm just a holding, dmx is not exciting technically,
and when there are peaks and dips you have to move
really fast, they are very shortlived. dmx is exciting
to me fundamentally and i expect good news to keep
coming out over the next couple of years, driving it
to infinity and beyond.
by the way, is there an SI thread that discusses individual
stocks, i used to monitor stock attack, but it has died.
regards,
jeff saunders |
