Firstly lets start of with DCC's new lease on life, not only with BGL but in technical terms. It has just broken its 2 year downtrend which is very significant.
It has also just broken through its 7month overhead resistance of 4.8c, with significant volume to confirm the break out.
Would like to see a day or to more of consolidation in the upper half of the breakout bar before it moves up again. I would imagine there would be plenty of news in the backpocket with the recent onboarding of BGL to help push this up.
Alot of stale holders/resistance would have been taken out with the recent flood in of volume, plent of oppurtunity for them to have got out.
First resistance/target is 6.6c
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10.0¢ |
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Mkt cap ! $147.5M | |||
| Open | High | Low | Value | Volume |
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| DCC (ASX) Chart |