DYL 3.31% $1.46 deep yellow limited

what a company , page-21

  1. 745 Posts.
    eaglesrock, lets talk charts:

    DYL's chart reveals it is being capped at 42 cents - now why do you cap a stock - to accumulate that's why - and make no mistake professionals are capping DYL and accumulating - perhaps your are one of them

    FIB retracement numbers for the latest move from the low of 16 August to the high of 5 September:-

    38.2% retracement 36.5 cents

    50% retracement 34.5 cents

    61.8% retracement 32 cents

    DYL price falls recently has been on low volume

    The chart clearly reveals that from 20 August to 29 August DYL has established a strong support area between 35.5 cents and 38 cents

    The low of 25 cents on 16 August occured during a day of general market panic and the futures exchange closing for a period. This was an extreme day of panic selling - yet look how quickly DYL bounced back from there !

    Now if you look at the candle of 6 August it hit a low of 36.5 cents confirming this area as the worst case scenario.

    In my reading of the charts we are within 2 weeks of a significant breakout - which will change the long downtrend that commenced on 30 April 2008 and bring in further fresh buying support.

    Also when a stock trades in a tight range as DYL has done recently, such a consolidation usually builds up a lot of pressure, and when this pressure is released the move should be big - and all indications are that the move will be UP

    This is definately not the area to be shaken out of your position.
 
watchlist Created with Sketch. Add DYL (ASX) to my watchlist
(20min delay)
Last
$1.46
Change
-0.050(3.31%)
Mkt cap ! $1.415B
Open High Low Value Volume
$1.51 $1.52 $1.45 $2.873M 1.952M

Buyers (Bids)

No. Vol. Price($)
29 52089 $1.46
 

Sellers (Offers)

Price($) Vol. No.
$1.46 20288 28
View Market Depth
Last trade - 13.55pm 15/07/2024 (20 minute delay) ?
DYL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.