The move from 11c to 5c in DRE coincided with the collapse in Neodymium price from 981864 to 551000. It seems the momentum continued in DRE. Now priced the same as it was pre- discovery of 40mt. Also disregarding the progression in other projects and the cash at hand to bring them forward.
The thing is the Neodymium chart is now swing bullish on the weekly and daily with 60000 presenting demand. The good thing about a clean move lower in ND from 981864 to 551000 is that there is no strong level of supply within the move allowing what could be a symetrical move to the upside. A lot of airy fairy analysis and floating abstractions trying to justify the price move fail to see that DRE is likely just being priced as a leverage play on NDPR. Stupid I know, but a lot of "investors" and traders price things stupidly a lot of the time hence why prices swing. If you learn to read the chart you will see where big money orders create supply and demand. The chart is showing ND now bullish.
Just take a look at gold below. 2 months ago gold was $1800, now its $2070. The same coin in 2 months.... really makes those professional wankers selling in October look like a bunch of donkeys in hindsight. Just picture some of them; dressed in minted suits and walking around like they are omnicient and singing "how the market is always right and efficient." All I can say is thanks for the cash
- Forums
- ASX - By Stock
- 20c target price. 6x
The move from 11c to 5c in DRE coincided with the collapse in...
- There are more pages in this discussion • 19 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 DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.23M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $18.35K | 1.036M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3716753 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2087832 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3716753 | 0.017 |
9 | 5282075 | 0.016 |
23 | 3640240 | 0.015 |
8 | 2569951 | 0.014 |
5 | 3402088 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2087832 | 10 |
0.019 | 1018658 | 6 |
0.020 | 1650803 | 9 |
0.021 | 566692 | 4 |
0.022 | 694296 | 5 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
1.7¢ |
  |
Change
0.000 ( 5.03 %) |
|||
Open | High | Low | Volume | ||
1.8¢ | 1.8¢ | 1.7¢ | 802104 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
DRE (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online