DLS 0.00% 69.0¢ drillsearch energy limited

where to from now?, page-4

  1. 8,720 Posts.
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    Hi elrohir, I think the obvious ST target for DLS atm is 1.10, based on the weekly (see below). Its been a very strong and steady move, with one breather / short consolidation period around the 80c mark (which sucked me out). I would say (and hope) if it reaches 1.10 that it would be due for another breather and perhaps pull back to a re-test of the 96c level dating back to Jan 2010, but that will depend on fundamental news I think as to which way it goes from there.



    If you look at the OBV (not shown) its also been accumulating very strongly.

    Cheers, Sharks.
 
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