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20 Day Moving Average Resistance appears for DAO after 1.0% move
On Friday, June 26th, DAO moved up 1.0% while volume was to 1.1× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 10.58, 10.03 & 9.46, with resistance at 11.7, 12.27 & 12.82.
Current SwingTradeBot Technical Rating of DAO: D
Today’s move could mean more—check all the signals for DAO on SwingTradeBot.
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