I am seeing a lot of buy signals in this stock right now.
there is a year long trend line that is now sitting at around the $1 mark and seems to be putting massive amounts of upward pressure on the share price.
The last month of trading has formed a trendline following this year long trend line. It has formed higher lows and is now in a small range of a flag formation.
The mac d is showing signals for the trend reversal.
The 61.8 fib level retrace from the high was also at around $1.
Bollinger bands have formed a shallow range which signals a trend reversal.
The stock has now popped up higher and is imo about to break above 106.5 shortly and continue higher.
This would be in conjunction with the release of a raft of drill results in the immediate future.
I think the massive fall was to fill the gap at the low 90 cents.
The chart looks a buy for me
Good luck to holders.
Congrats for those who remained loyal holders of deg in the past 3 months.
MB
not investment advice
Breakout alert DEG
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 (20min delay)
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Last
$1.17 |
Change
-0.015(1.27%) |
Mkt cap ! $2.701B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.17 | $23.59M | 20.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 106354 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 956281 | 6 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.015 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.20 | $1.17 | 6245928 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| DEG (ASX) Chart |