DCC 2.70% 3.8¢ digitalx limited

The remarkable thing is that DCC can quite easily be valued at a...

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  1. 6,499 Posts.
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    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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(20min delay)
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
Last trade - 16.10pm 11/10/2024 (20 minute delay) ?
DCC (ASX) Chart
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