The remarkable thing is that DCC can quite easily be valued at a SP greater than 28c already. DYOR on that one but without any further info I value DCC at more than double what it is now.
So trading theme:
- DCC has a bitcoin related hangover which is preventing SP increases because the market just doesn't like anything bitcoin related.
- One major seller put a stop to the last breakout - which DCC is still in breakout territory mind you when looking at a 6 month chart but is yet to break the 12 month resistance. DCC also has closed the breakout gap, retested support and formed a double bottom at 16c, all of which looks highly bullish. It's only over a 1 wk timeframe that DCC looks bearish.
- DCC is likely to see further selling from the previous substantial holder, although this can also be opportunity to buy at a restrained price
Zoom out a little and things actually look pretty bullish right now but timeframes need to be adjusted. Look forward 3 - 6 weeks rather than 1 - 2.
My sentiment right now is strong buy.
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $32.92M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.7¢ | $20.93K | 564.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 479717 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 479717 | 0.036 |
6 | 380658 | 0.035 |
5 | 641694 | 0.034 |
8 | 470832 | 0.033 |
9 | 645874 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 100000 | 1 |
0.039 | 356435 | 2 |
0.040 | 293213 | 3 |
0.041 | 375800 | 4 |
0.042 | 238119 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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DCC (ASX) Chart |