to me it's definitely in a sideways band / trading channel, and we're currently in the middle of it. Generally speaking, stocks that do this for as long as DEG have often break out, quite dramatically, to the upside. I strongly believe it will happen here.
Since the initial discovery there has consistently been buying support and we are getting to the point end of it all now.
I recently wrote that the gold price has done a similar thing.
A recent example that comes to mind of a stock doing this is BOE. A long consolidation moving between $2 to $3 before a huge run. Granted that coincided with a move in the uranium price, but similarly gold is doing the same.
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Last
$1.07 |
Change
-0.015(1.39%) |
Mkt cap ! $2.552B |
Open | High | Low | Value | Volume |
$1.07 | $1.08 | $1.06 | $7.839M | 7.338M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12531 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.07 | 346149 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12531 | 1.065 |
12 | 256353 | 1.060 |
3 | 113301 | 1.055 |
9 | 167665 | 1.050 |
3 | 117654 | 1.045 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 123000 | 2 |
1.075 | 539439 | 11 |
1.080 | 132016 | 9 |
1.085 | 129023 | 3 |
1.090 | 55344 | 3 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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DEG (ASX) Chart |