DCN 0.00% 28.5¢ dacian gold limited

Come monday, if the GP does not move beyond the low boundary,...

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    https://hotcopper.com.au/data/attachments/2190/2190907-d0a3e4188672fe1a6dc8fd25c2120935.jpg

    Come monday, if the GP does not move beyond the low boundary, the move will be toward the upside. By friday week, we have a better chance than 50% probability of reaching 50c i.e. if we treat the outer bound of the green band as 1 standard deviation from the mean and the outer of the purple band as 2 standard deviations from the mean(brown line). By next Friday, the 50c mark will be below the mean (brown line) and therefore statistically DCN has a better than 50% probability of hitting 50c. Time will tell!

    MACD, RSI and OBV are rising and therefore there is no indication that DCN SP is weakening any time soon. So 43.5c is a good buying opportunity!

    All IMO.



    Last edited by Greenflint: 29/05/20
 
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