Digital World climbs cautiously - Analysis - 12-09-2022

Economies.com
2022-09-12 12:22PM UTC

Digital World's stock (DWAC) rose in the last session amid positive signals from the RSI after reaching oversold levels, with the pivotal support of 22.00 holding on, lending it positive momentum and a profit of 2.78%, or 65 cents, and settling at 24.00, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of 12.70, provided the support of 22.00 was breached. 

 

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Expected trend for today: Bearish

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