Delek US Holdings, Inc. 

Delek US Holdings, Inc. (NYSE: DK) engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail.

Recommendation Summary as on March 9, 2022

DK’s Daily Chart

Considering the resistance levels attainment, we are of the view that it is prudent to book profits at the current levels. Hence, we give a 'Sell' rating on the stock at the closing price of USD 33.39 (as of June 10, 2022). 

Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People’s Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions.

Recommendation Summary as on March 9, 2022

DQ’s Daily Chart

Considering the resistance levels attainment, we are of the view that it is prudent to book profits at the current levels. Hence, we give a 'Sell' rating on the stock at the closing price of USD 67.22 (as of June 10, 2022). 

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Exit decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings.

Note 3: Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.