May. 27 at 1:12 PM
Douglas Elliman
$DOUG just broke out with a clean push above the VWAP band at
$2.883, holding strong above that level in premarket.
This confirms bullish sentiment, especially after touching a fresh 52-week high at
$3.20. On the 4-hour chart, it’s respecting higher lows and the momentum is supported by strong volume.
I’m watching for a Fib retracement off this recent leg, with support likely around the 38.2% level near
$2.75. If it holds VWAP and consolidates above
$2.90,
I could see a leg up toward
$3.50, then possibly
$3.85 based on Fib extension zones. The RSI and MFI are overbought, so a brief pullback would be healthy before continuation.
