It appears as per my last post that we did indeed struggle to push above and beyond the approx. $1.12-14 resistance level. My best guess is that there were definitely some stop losses there that hindered being able to push through and the trump tariff situation infolding in the macro view playing a part in the sp decline also. It also appears that we have come back to re-test the support level of 87.5c (Didn't quite touch it but a commsec low of 88c is close enough). On the hourly chart we have begun to build a couple of days worth of consolidation which is always nice to have and show signs of selling slowly down/support forming. Over the next couple of days I can see if we are able to hold above that 87.5c resistance point then there's a good possibility that we will continue to the upside back towards testing the resistance at $1.12-14. Higher highs and higher lows is what I am keeping my eye on in the short term albeit I am a LTH. It will be a bumpy ride in the next few weeks with what is happening in the US however Droneshield continues to put its name on the C-UAS map via a multitude of expos and shows. Quarterly will also be out soon and hopefully an update on where the situation is at with the LAND156 application and timelines on that.
This is just the beginning people. Drone warfare is here to stay.
Not financial advice. All IMO
LETS GO DRO!
DRO Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
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