DEM 3.70% 13.0¢ de.mem limited

Chart, page-93

  1. YLJ
    819 Posts.
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    Apologies for the delayed reply, I did not notice the tag amongst all the notifications.
    A few days back I adjust the way I had drawn the Symmetrical Triangle which lifted to
    target measured target to 0.315. The "Flag" formed into more of a rectangle continuation
    with the same target.
    Price overshot the target yesterday but closed on the mark and was a place to consider
    taking at least some profit. A close closer to the top of the range of yesterday's candle would
    have bode botter for more imminent bullishness but closing above the halfway mark is
    good and had it failed to do so, would have taken more profit.
    That level is also the upper boundary of a 3.3 year possible Rectangle Bottom
    (weekly chart) and it needs to break that level decisively, which is now beginning to look
    like a possibility. It would carry a measured target of circa 0.610 and I am leaving it some
    room for a shot at that breakout, as long as the price holds above 0.25. A break out without
    some retracement first would be quite a bit to ask for without some special catalyst.
    Money flow indicators have been rising with the ascent of price so volume is supporting.
    All the best, and GLTA
 
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Last
13.0¢
Change
-0.005(3.70%)
Mkt cap ! $37.61M
Open High Low Value Volume
13.5¢ 13.5¢ 13.0¢ $13.99K 107.5K

Buyers (Bids)

No. Vol. Price($)
1 173325 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 170264 3
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Last trade - 15.42pm 18/07/2024 (20 minute delay) ?
DEM (ASX) Chart
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