Deepak Nitrite - What could it bottom?
Many people have asked me where DN could bottom out..for me ideally i want to see the stock come somewhere between 1990 - 1930 where it has multiple supports (Fibo + 200EMA + previous support/breakout level). Also at those levels the stock will be reverting back to its mean historical PE. Hopefully around there the stock also develops a positive RSI and comes closer to when their fresh expansions start coming online. So it could be a good move to be a little more patient and look to be a little greedy which waiting for the stock to form a nice rounding bottom.
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