Dave Barnhart analyzes DRAM stock with technical indicators like doji candles, moving averages, and volume prints to determine if institutions are buying the dip. He maps upside targets from 63.25 to 68.11 and downside support levels down to 60.75.
Chapters
Moving on to DRAM. Okay, so DRAM, same thing here. Lots of prints at the top. There's a 1 million, a 4.5 million, 750K. So looking at this, June 18th, we had a high with a bunch of prints. Then we had this doji at the top with volume, and then we've just been moving down. So down up to the print here, not holding, pushing it down. So we've held the 50 simple moving average. We got a 500K here on the 7th. Right in this doji, and then we moved up yesterday. So now we're testing this four exponential moving average on the higher time frame. Let's see if we can move up to the eight into these prints here. Otherwise, if we break below, then they're selling, and we can potentially move lower here. So let's map this out. We're going to be bullish above 63 and a quarter. Let's get above this R one target. 6404 is a cam. Then we've got 6447, up here 6591, and then 6603 is the 500K we had mentioned. Then we've got 60, 6603, 66 6.83, 67.46 is $4.5 million. Then we've got 68.11 is R3, so we've got that on the upside. You can see that there's lots of room for that one to move as well. On the downside, we're going to be bearish below 62. Let's get below here. It's early. If we— you can potentially get below this 62.70 or 62.50 down to this one here, but I'm going below 62. Target 61.71, 61.37, 61.04 is this cam here, 6082 and 6075 is the pivot, 200 exponential, and a 497K print. So that's where we stopped here.
