Agree very similar to BOE and similar timeframe and large price range leading up to the breakout
While not exactly the same the weekly chart of DYL below has some interesting similarities of the previous range bound that went for 4 years.
BOE was 3 years.
This current range is 3 years as well.
Interestingly price broken below support (green) before starting its final breakout move
Price had a 2 month consolidation approx (red)
Price advances strongly to just below resistance.
Around 1 month consolidation before breakout (Orange). Currently approx 1 month consolidation just under resistance
Volume usually drops off in the consolidation period and explodes on breakout.
My Initial Price target is $2-$2.20 ($1.40 - $0.60 = $0.80. Add the $0.80 to $1.40 breakout.
One can only sit and wait and hope
DYOR
Shalom
Chart Thread - TA Only Please, page-73
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Last
$1.15 |
Change
-0.030(2.55%) |
Mkt cap ! $1.110B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.14 | $5.092M | 4.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11182 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 1286 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |