To the person that gave me a thumbsdown for my earlier post (copied below), I hope you'll learn to keep an open mind next time and not give someone a thumbsdown just because a post gives a negative view of a stock. It turns out that the charts were correct and the first technical support of 21 cents has been reached. If this support is broken, its down to 16 cents.
My earlier post with link to chart analysis is as follows:
'Requested for an analysis on weekend charting and received the following response regarding DYL (link below)
http://hotcopper.com.au/post_single.asp?fid=2&tid=1094984&msgid=6113206
Not looking good in the short to medium term unfortunately.
Still a believer in the fundamentals of the company in the longer term and will continue to add to my holdings on weakness but I think short term traders will most likely be exiting from this stock which will unfotunately only add to the downside pressure. Next support is 21cents and if that breaks then it's down to 17cents. OUCH!!
calling all chartists, page-13
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Last
$1.21 |
Change
-0.090(6.95%) |
Mkt cap ! $1.168B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.20 | $9.238M | 7.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 54814 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 21733 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| DYL (ASX) Chart |