Price movement on a high timeframe is a work of perfection.
We see a breakout, price gets over-extended and then forms a sideways channel.
Price has been in this stair-stepping pattern since 2020.
The current channel is 8.6 - 12.5c.
In the early stages of channel formation it can be a hard task to pick the upper or lower bounds of that channel.
However, with a little patience and restraint you can wait for the channel to form.
Then the chart figuratively screams where the good entry / exit points lie.
DRE Chart, page-1509
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $60.04M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.6¢ | $43.73K | 2.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6435139 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1450999 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DRE (ASX) Chart |