Figured we could start a charting thread as there doesn't seem to be one on DRG.
I noticed that the 100 day SMA (pink) is about to cross the 25 SMA(green) and is nearing the 50SMA(blue). %R is showing borderline oversold, bollinger's are starting to tighten and this is the longest period DRG has gone without news since May->Aug.
I would assume most of the traders and overhanging stock has been mostly absorbed by this point.
Technically DRG is in good standing with the potential for a golden cross on the charts, combine this with substantial news (large strikes at depth + additional ground being acquired or even targeting other minerals such as cobalt/vanadium) and DRG could be heavily re-rated.
BGL Chart
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 (20min delay)
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Last
$1.69 |
Change
-0.055(3.16%) |
Mkt cap ! $1.983B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.69 | $4.994M | 2.942M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 124954 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 40 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.69 |
Change
-0.055 ( 3.12 %) |
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| Open | High | Low | Volume | ||
| $1.77 | $1.77 | $1.69 | 1106934 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BGL (ASX) Chart |