$DRRX has been trying to recover for months having crashed lower in November of last year.
The destructive gap down saw prices fall to lows that were never surpassed however and earlier this year we saw GoNoGo Oscillator break clearly above the zero line and into positive territory. This was followed by GoNoGo Trend rolling through the colors on its way to a “Go” trend. In a “Go” trend since mid January, we have seen price run up against resistance in the form of the lower bound of that large gap. After GoNoGo Oscillator found support at the zero line for the first time, we saw that the surging momentum in the direction of the “Go” trend was enough to push price above that horizontal resistance level. The concept of polarity tells us that what once was resistance should now become support and we have seen price act accordingly. As price finds support GoNoGo Oscillator has bounced off the zero line telling us that momentum remains on the side of the “Go” trend. We can look for price to move higher from here and potentially fill the gap. This would put a target at around $2.50.
