Previous DYL was a Daily Chart.
I shall also attach Weekly & Monthly charts both having notes on it
Weekly shows $1 never really holding at all
Weekly shows Blow Off Tops are immediately followed by big sell downs cracking BELOW $1
Weekly shows potential double topping at this level as a Red Week could be on the books
Monthly Chart highlights the pattern with even LESS noise.
1 to 2 months of consistent spiking, followed by a 3rd month either producing a NEW high followed by a SELLDOWN wicking candle in the 3rd month
Seeing as though they've never tried to hold $1, it will be worth watching to see if they can catch some level of support in the 80c zone.
This pattern has played out since 2014. I may be wrong on this thesis but I must go with the risk to reward based on these patterns aswell as price levels. I must respect this chart despite bullish calls for $5 top $10 ..................With all that said, SENTIMENT is a SELL watching $1.20 to $1.16 short term
Chart Thread - TA Only Please, page-8
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Last
$1.44 |
Change
-0.060(4.01%) |
Mkt cap ! $1.391B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.47 | $1.42 | $5.888M | 4.102M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15942 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 39034 | 4 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| DYL (ASX) Chart |