We've now tagged the former resistance. Do we bounce or do we fall?
I suspect we will bounce, validating it as the new support. Last day of the financial year and results due. While we 'know' what the results are most likely going to be, soon we will have its confirmed. In this situation prices like to rise into the news, it's easy money and low risk, buy the rumour sell the news. I would expect a news spike following the confirmation of results. From a technical view, it would be fantastic to have bounced and be already on our way to test the highs at 0.062 when the assays drop. This could potentially leave us testing 0.062 as a new support rather than trying to bust through it as resistance still.
DRE Chart, page-850
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2.2¢ |
Change
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Mkt cap ! $77.28M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 8 | 1765782 | 2.2¢ |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRE (ASX) Chart |