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Danaos Corporation (DAC)

Updated: 13 Sep 2021

Entry level: $86-$87 or a bounce against $80 previous resistance/10-day MA should the stock correct now

Might need a few more days of sideways action to let 10-day MA catch up, and then potentially bounce against it for the next leg up. Slight consolidation would reduce risk of a pull back as the traders could use the 10-day MA as a reference point for S/L

Price target: Break below 10-day MA for shorter, or 21-day EMA for medium-term holders

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