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1.25%

81.0¢ droneshield limited

Chartists and their delusions, page-33

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Nez

613 Posts.

91

01/08/24

13:28

Post #: 75026469
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Originally posted by surfgimp: ↑

Is it possible to trade by spotting patterns in charts? Warren Buffett, the Sage of Omaha himself, had a simple verdict: no. He said, “I realised that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer.” He stuck to the polar opposite – fundamentals investing, where only the long-term financial prospects of a company are considered – and ended up the world’s richest man.. Some of the chartists recently posting their garbage as solid advice are delusional. The fundamentals of DRO are outstanding. The future pipeline of work is almost almost infinite until new warfare weapons are created. Even if the stock did drop to a dollar temporarily, why would you take the risk and sell when it is obvious the stock is going to keep going upward. The chartists are so myopic in their analysis that they miss the holistic view of the stock. Glad I’m not a chartist.

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This aged well... sorry just gotta point it out.
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This from the chart thread.
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Though if the chart was upside down now it would be a good thing.

DRO Price at posting: $1.19 Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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(20min delay)
Last 81.0¢		Change 0.010(1.25%)		Mkt cap ! $706.4M

Open	High	Low	Value	Volume
79.0¢	82.5¢	78.0¢	$7.281M	9.055M

Buyers (Bids)

No.	Vol.	Price($)
3	27773	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	4500	2

View Market Depth

No.	Vol.	Price($)
3	27773	0.810
5	35264	0.805
14	427142	0.800
8	55710	0.795
14	93884	0.790

Price($)	Vol.	No.
0.815	3500	1
0.820	128709	10
0.825	109175	9
0.830	207650	10
0.840	95970	7

Last trade - 16.10pm 13/11/2024 (20 minute delay)

DRO (ASX) Chart