Dada Nexus Ltd (DADA): Price Down $-0.59 (-2.4)% Over Past Day, Up $0.04 (0.17)% Over Past Hour

Dada Nexus Ltd (DADA): Price Down $-0.59 (-2.4)% Over Past Day, Up $0.04 (0.17)% Over Past Hour
Get Ratings)’s price is up $0.04 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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