DRE 2.33% 2.2¢ dreadnought resources ltd

Yes mate it's broken well out of the .016 - .021 zone. Next...

  1. 14,040 Posts.
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    Yes mate it's broken well out of the .016 - .021 zone. Next level of resistance is the 3 cents level and there's a bit of support at .022 but the real support level is .021 (the old resistance level). They're the facts.

    Now as an opinion from a trader, that tall wick to .029 on Thursday is a red flag as it shows that trapped supply flowed in getting their money back. Tall wicks like that are not a bullish signal so a bit of a back-up and have another go might be in order. Look stocks like this are really hard as there is always so many holders that bought in way to high on the way down and they are wanting their capital back. (can't blame them) Therefore it's always a real tough grind to get into a real bullish mode until all those sellers are cleaned up.
    The only thing that cleans it up quickly are super fundamentals. Has DRE got that?

    Cheers.

    https://hotcopper.com.au/data/attachments/6263/6263533-f4c4c17d4e22d46ffae85a58f4a69841.jpg


 
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13 4584079 2.1¢
 

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Price($) Vol. No.
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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