Had pretty good volume yesterday with nice touch on double bottom at 7.5c.
Good bounce on late afternoon as buyers realized good cash reflection on SP and anticipation of drilling results from Sepeda.
If we touch 7.5c again today & bounce, that would be strong bounce from tripple bottom and will act as support.
Now we sitting at first minor resistance of 8.2c, followed by 8.9c with some good volume before we can anticipate any further move. All depends on the cards being played by the management selling Lynas and keeping only Sepeda on the table.
DKO Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held