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$1.58 droneshield limited

DRO - Chart and TA., page-422

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10ur

446 Posts.

28

09/02/24

12:06

Post #: 72322687
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Originally posted by TheAnalyst007: ↑

I didn't say you were downramping. You posted your view which is fine but I responded with mine. You're entitled to think the way you do regardless of your intentions, I'm not going to put you on ignore or anything for having a differing opinion but I will certainly respond and address any flaws I believe exist in your argument. You expect a major sell off but I believe you are incorrect in your thinking due to the fact that this rerate is completely justified by the improvement in the fundamentals and the current macro situation IMO, and so there will be plenty of demand to offset any profit taking. I've seen it plenty of times before, a stock will rally several hundred percent in a very short amount of time but won't sell off after as there remains plenty of demand to offset the selling. Usually ends up flat lining for a while near the highs and then goes for another big leg up

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I don't expect a major sell off I expect the gap in the mid 50s to be touched again but the brokers didn't like that

Dro made a gap mid last year and then down trend for 3 months to find said gap

Last edited by 10ur: 09/02/24

DRO Price at posting: 70.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.58		Change 0.035(2.27%)		Mkt cap ! $1.174B

Open	High	Low	Value	Volume
$1.55	$1.58	$1.54	$2.722M	1.748M

Buyers (Bids)

No.	Vol.	Price($)
7	30898	$1.57

Sellers (Offers)

Price($)	Vol.	No.
$1.58	20313	5

View Market Depth

No.	Vol.	Price($)
3	6431	1.545
44	83806	1.540
3	12628	1.535
8	31321	1.530
12	126909	1.525

Price($)	Vol.	No.
1.550	52654	2
1.555	21620	5
1.560	65019	7
1.565	65262	4
1.570	111646	4

Last trade - 10.14am 19/06/2024 (20 minute delay)

DRO (ASX) Chart

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