Thursday, December 29, 2011

Daqo New Energy (DQ) Stock Chart Analysis

On a stiff downward trend for most of 2011, the DQ chart appears to be trying to find a bottom. There is a positive divergence going on with the MACD and the majority of the trading days of the past two weeks have shown green closes. Traders will be watching as the chart now faces resistance.

Distributed by Viestly

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