DNAI: Building A Base And Bottoming The Past 3 Months
António Costa | Aug 16, 2016 01:44AM ET
ProNAi Therapeutics Inc (NASDAQ:DNAI) This Daily technical chart popped up on my scanner and I feel it is one that should make its way onto your watch-lists for Tuesday. Today the stock experienced the biggest volume since the July highs (2.25), signalling renewed interest from investors. In my opinion, the stock may be forming a bottom after being in a small downtrend for weeks. Also working in our favor is the close above the 20-day EMA for the first time since June. If this technical daily chart does what is supposed to do, it will be going higher in the days to come, plenty of room to upside. Going forward, stock has immediate resistance at 2.15 followed by 2.2/2.25 levels. This stock needs to be at the top of your watch list.
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