DRE 0.00% 1.7¢ dreadnought resources ltd

Eyes on the long-term prize. Dre currently pandering about...

  1. 802 Posts.
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    Eyes on the long-term prize. Dre currently pandering about higher time frame demand. If monthly fractal at about 2.1c goes than a real long-term bottom is possible (would also resemble a fakey candle pattern). In that scenario I'd likely target about 4c (weekly supply) and see how price reacts. There is also supply at 8c with trendline liquidity to be taken. The monthly swing is still bullish so I do like the idea of keeping a possible 18c long-term swing target in mind when trading.

    Basic trading rules to go by: do not sell into demand or buy into supply. We are at demand. Lots of noise about nothing, false triumphs, and I told you so's about Dre coming back to retest monthly demand; the reason for which was likely nothing to do with what they claim. Correlation shows the baby was thrown out with the bathwater on Neodymium price collapse. Price will likely spike eventually, value will be realised, and no I 'told you so' will be needed, for nobodys got time for that sh!t.

    Looking forward to visiting the mine in the future, boots on ground, overlooking productive genious in action, and with the knowledge that I had been a part of its discovery tongue.png

    https://hotcopper.com.au/data/attachments/6164/6164984-7ea6464e30632dca9bf06a1014bc24c3.jpg


    https://hotcopper.com.au/data/attachments/6164/6164981-a5458216ad832f8a52eedf07109b87a3.jpg
    Last edited by Luca21: 12/05/24
 
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