Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

[NEUTRAL]: Danakali has a neutral trend in the short term timeframe. The buyers & sellers are not dominant enough to swing the daily trend



The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.

Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;


PROFILE: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

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1st timeframe trend

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