$DIA is making a massive move, surging to $1.0968 with a 26.10% gain after breaking past the $0.85-$0.90 resistance zone. This breakout, accompanied by strong volume, confirms buyer dominance and signals potential continuation. Here's what's happening:
- Breakout Confirmation: DIA has broken out of a long-standing descending triangle pattern on the weekly timeframe, indicating a potential shift from accumulation to expansion.
- Bullish Momentum: Momentum indicators like RSI and MACD support the bullish case, with RSI moving into overbought territory and MACD trending positive.
- Potential Targets: Analysts predict DIA could reach $2.30, representing a significant upside potential. Some forecasts even suggest a 405% climb to $4.74659.
Key Levels to Watch:
- Support: $0.80-$0.85
- Resistance: $1.10-$1.15, $2.30
Buy and Trade here $DIA
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