Hi mate, I'm on the move so best can give is iPad chart - usually a bit blurry on HC.
DEG is currently in middle of a VERY significant breakout.
It's broken from a bullish pennant, above a key POC at $1.025, 100dMA and heavy resistance (old support) which was at similar level to recent highs.
Gold has just tested a bounced off significant POC at $1711.
It's currently sitting right on another level of resistance $1717 (this breaks and hold then that's very good)
I won't lie, I actually day traded DEG yesterday but with Powell speaking and ECB overnight didn't have the cajones to hold overnight - these things happen and sometimes they go the other way so still happy with profits.
A breakout like this could well kick clear but 200dMA also could play as decent take profit level - it's currently testing this level now (yellow line)
There is also a decent chance for a runaway gap (up) if gold market plays ball over the weekend, so factor that in.
All the best mate and congrats holders - great day for all!
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Chart - TA, page-2814
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Last
$1.38 |
Change
-0.005(0.36%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.37 | $5.954M | 4.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 41758 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 41069 | 2 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |