This is when mental toughness comes into play. For those who can not handle the pressure, it's better off that they sell out. For those who are still holding and believe in the fundamentals which has not changed a bit, add to your position when it hits low.
The recent drop has everything to do with POG. In fact, gold stocks across the board got smashed. See below chart comparing Deg, Gor & Gold for instance. Gor was at one point trading well over 2 and is now down 50%.
Of course, there are headwinds in the short run, but I am still of the view that POG will hit 2,500 USD in the next 12 months with the Fed's monetary policy immient.
DYOR.
Chart - TA, page-45
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.25 |
Change
-0.020(1.58%) |
Mkt cap ! $2.304B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.24 | $3.401M | 2.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 204620 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 16478 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.25 |
Change
-0.020 ( 1.73 %) |
||||
| Open | High | Low | Volume | ||
| $1.27 | $1.27 | $1.24 | 847862 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DEG (ASX) Chart |