$DIA bulls are finally pushing back but the real test starts at $0.150.
On the weekly, DIA is showing its first signs of stabilization after last week’s sell-off but bulls still have resistance to clear.
Key levels:
Resistance: $0.150–$0.152 → $0.166 → $0.180
Support: $0.144 → $0.140 → $0.135
Bull case: Reclaim $0.150–$0.152 and hold it as support and that would strengthen the recovery and establish the $0.140 dip as a potential higher low, opening the way toward $0.166.
Bear case: Rejection around $0.150–$0.152, followed by a loss of $0.144, would weaken the bounce. A retest of $0.140 becomes likely with $0.135 next if support fails.
Momentum is improving but the trend has not confirmed a reversal. The MA9 and $0.150–$0.152 resistance zone are the immediate tests.
$0.150 is the continuation level. A clean reclaim matters more than the bounce itself.
Stay bullish guys!
On the weekly, DIA is showing its first signs of stabilization after last week’s sell-off but bulls still have resistance to clear.
Key levels:
Resistance: $0.150–$0.152 → $0.166 → $0.180
Support: $0.144 → $0.140 → $0.135
Bull case: Reclaim $0.150–$0.152 and hold it as support and that would strengthen the recovery and establish the $0.140 dip as a potential higher low, opening the way toward $0.166.
Bear case: Rejection around $0.150–$0.152, followed by a loss of $0.144, would weaken the bounce. A retest of $0.140 becomes likely with $0.135 next if support fails.
Momentum is improving but the trend has not confirmed a reversal. The MA9 and $0.150–$0.152 resistance zone are the immediate tests.
$0.150 is the continuation level. A clean reclaim matters more than the bounce itself.
Stay bullish guys!
