The Power of iMTF – Stock analysis $DLS – $FTSE UK Stock.

The Power of iMTF – Stock analysis $DLS – $FTSE UK Stock..   $DLG has had a wall of iMTFs since the beginning of March.  These have stopped price from going bullish.  The first wall was at 347.686 (denoted as 1 in figure below) which stopped price from breaking bullish on 7th March.  Price then only broke above the cloud when the iMTFs disappeared. This however was only bullish until the next iMTF value of 349.931 (denoted as 2 in figure below).  Price then breaks below the cloud and holds the iMTF level of 341.152 (denoted as 3 in figure below) the power of the iMTF levels is clear is see when price opens at and holds the iMTF level on the 24th March (denoted as 3 in figure below) .

 

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About the Author Yat Patel