DEX Ascending Triangle.

17 thg 4, 2021

Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra tenement.

There are 2 TA scenarios currently IMO

Bullish:
- Ascending Triangle forming against daily Resistance.
- MACD Bullish cross anticipated
- RSI above 50.00 and broken short term downtrend
- Fundamental news due within 2 months
- Broken 20 MA Bullish
- Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels.

Bearish:
If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30

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