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.
- Forums
- ASX - By Stock
- DYL
- what a company
what a company , page-21
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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. |
---|---|---|
$1.46 | 20288 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 53722 | 1.455 |
26 | 154800 | 1.450 |
15 | 163149 | 1.445 |
17 | 385446 | 1.440 |
6 | 22632 | 1.435 |
Price($) | Vol. | No. |
---|---|---|
1.460 | 21055 | 29 |
1.465 | 46938 | 17 |
1.470 | 88825 | 17 |
1.475 | 183142 | 15 |
1.480 | 359125 | 14 |
Last trade - 13.55pm 15/07/2024 (20 minute delay) ? |
Featured News
DYL (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online