eaglesrock, lets talk charts:
DYL's chart reveals it is being capped at 42 cents - now why do you cap a stock - to accumulate that's why - and make no mistake professionals are capping DYL and accumulating - perhaps your are one of them
FIB retracement numbers for the latest move from the low of 16 August to the high of 5 September:-
38.2% retracement 36.5 cents
50% retracement 34.5 cents
61.8% retracement 32 cents
DYL price falls recently has been on low volume
The chart clearly reveals that from 20 August to 29 August DYL has established a strong support area between 35.5 cents and 38 cents
The low of 25 cents on 16 August occured during a day of general market panic and the futures exchange closing for a period. This was an extreme day of panic selling - yet look how quickly DYL bounced back from there !
Now if you look at the candle of 6 August it hit a low of 36.5 cents confirming this area as the worst case scenario.
In my reading of the charts we are within 2 weeks of a significant breakout - which will change the long downtrend that commenced on 30 April 2008 and bring in further fresh buying support.
Also when a stock trades in a tight range as DYL has done recently, such a consolidation usually builds up a lot of pressure, and when this pressure is released the move should be big - and all indications are that the move will be UP
This is definately not the area to be shaken out of your position.
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Last
$1.51 |
Change
0.000(0.00%) |
Mkt cap ! $1.463B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 38371 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 30255 | 1.510 |
5 | 84602 | 1.505 |
15 | 65983 | 1.500 |
4 | 15714 | 1.495 |
4 | 46226 | 1.490 |
Price($) | Vol. | No. |
---|---|---|
1.520 | 42107 | 6 |
1.525 | 45721 | 4 |
1.530 | 19642 | 3 |
1.535 | 19481 | 3 |
1.540 | 70148 | 6 |
Last trade - 09.58am 15/07/2024 (20 minute delay) ? |
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DYL (ASX) Chart |
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