OK, so I don't really know anything, having just started to try and understand technical analysis. But I note the following:
- Volumes are declining
- The last candlestick on your chart looks like a "hangman" candle, indicating a possible reversal
- The RSI shows we're in overbought territory:
So I'm just going to call it... this is the start of a reversal pattern. Of course, I have no idea how to predict the duration or extent of the reversal.
Disclosure: I sold out a bit too early and I'm looking to buy back in.
DRO - Chart and TA., page-1190
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Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $1.486B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.00 | $1.89 | $27.90M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65427 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 57000 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |