We've popped through the resistance, just. We tagged the the 0.062 and got snapped back down, but it didn't take long to return. Hopefully a few more pips today. This is good news and the speed is an indication of the underlying strength, as often the sellers sit off-screen and you wouldn't see the strength visually through depth.
What we want to see this week, is to remain above the 0.062 level (0.00% fib) for a few sessions before a retrace back to it. Ideally we want to test it and validate it as our new support. It is probable this will occur, there should definitely be some profits taking here. Don't be disappointed if/when we pull back(hopefully) as this would be a strong technical indication of another bull run with a target on the table of 0.091c. See prior analysis for a potential price map scenario of what that may look like.
DRE Chart, page-998
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.19M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $25.41K | 1.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1564354 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 344578 | 2 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| DRE (ASX) Chart |