Pinned straw:
Disc: Held IRL 1.75% and in SM
The DBI chart is sweet as ... (1) an almost perfect 30-degrees-ish ascending trend line going left to right in regular waves (2) the long term trend 200 day simple moving average following suit (3) after the last all-time high of 4.93, the price has corrected and recovered nicely and (4) after today’s pop, the price is about to test the all-time high of 4.93. In many ways, this is a much more perfect chart than XRF’s ...
This is no stodgy “dividend/defensive play” holding ... its a “highly stable growth” company ....
$4.60 should provide decent downside support, failing which $4.35 should provide much stronger support as it is the coming together of the 50% retracement level, the ascending trend line and support going back to mid-July 2025.
Once it goes past $4.93, we will be in completely unchartered clouds ...
Haven’t fully built out my DBI position yet, so will be topping up if/when it goes back to ~$4.35. But its looking to be a bit of a tough ask, given the momentum ...
Discl: Held 1.75% and in SM
After a textbook 4 day bullish consolidation, the DBI price finally took out the previous all time high of $4.93 in a reasonably convicing manner. It confirms that DBI is back on an uptrend after a consolidation of about 4 months, and is now in unchartered territory. A very nice place to be indeed ...
Need to see if it stays above $4.93 in the coming days.
