Replies to post #9931 on DarioHealth Corp (DRIO)

[jimmenknee]

Let me attempt to set the record straight Dr :-)

1. There is absolutely no technical double bottom
a. The established downtrend time is too short (1 to 2a)
b. The established time between the first and second trough is too short (2a to 2b)
c. There is no increase in buy volume noted from the second trough-- in fact the volume has steadily decreased

2. Some chartists use wicks & tails in drawing support/resistance lines. I don't in general-- but perhaps I need to relook at that & I concede your point of strength at the 0.10 level

3. The 20MA is a big deal to many chartists and especially to those who employ Bollinger Bands (BB)--the mid-bb is the 20MA

I am duplicating your chart and adding the BBs, Fibonacci pivots (more objective support/resistance levels), and the money flow indicators I suggest be monitored. DRIO has begun a 3-cycle down (red arrows), the last 2 down cycles (A & B) suggest a soft bottom between .07 and .09 (depending on reactive buy volume).

I suggest you branch out a little more from the default stockcharts chart (duly noting your pSAR and ADX additions). BTW, do you recognize you've depicted a modified Pincher setup (modified by using MACD vice PPO)?