The lower low previously on the 23rd Dec 2021 broke the long term trend line from 0.025c (and hit the double top target zone) .....and stopped the possibility of a double bottom.......
We all know that the fundamentals will ultimately trump technical's - however the chart is setting up a bullish falling wedge pattern that can either be a reversal in a downtrend or continuation pattern in a uptrend with a 68% success rate...To the upside..
https://www.elearnmarkets.com/blog/rising-and-falling-wedge-pattern/
Without a doubt bad news will create a big fall negating the pattern.....However.....
With so much news due NOW and Brendan back from annual leave since Monday......
I'm expecting some very good news soon....
Remember they have announced that drilling will be in January 2021 but are under no obligation to announce the exact date and all that is required to cause a trading halt is the presence of the same mafic-ultramafic rocks as the Julimar Complex which host the recent high-grade Ni-Cu-PGE discovery by Chalice Gold Mines Limited (ASX:CHN).
Image that halt with assays to come.....
But Hey anything can happen.........GL
Chart, page-853
-
- There are more pages in this discussion • 828 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DEV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.5¢ |
Change
0.015(5.00%) |
Mkt cap ! $138.9M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 31.5¢ | 29.5¢ | $197.1K | 645.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31642 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEV (ASX) Chart |