DEV 14.7% 19.5¢ devex resources limited

Chart, page-1674

  1. 2,408 Posts.
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    I think we have to be very honest right here....
    Its one thing to chart a stock but you have to be able to show the direction both up and down....

    The falling wedge pattern on my chart in the end is bullish....
    It is only showing the correctional move down from the 0.58c that was also predicted...
    And it has done that extremely well...

    You posted the below chart with a target price of 0.83c or thereabouts when DEV was 0.475c
    The price since then has fallen almost 15%...

    https://hotcopper.com.au/threads/chart.5514818/page-1669?post_id=61054193#.YnDjUdpBxPY

    The problem is if you are trying very hard to make money in this game you have to be able to trade the ups and downs which have been shared over the years with my charts...

    Here is an example when we ran up to 0.795c

    https://hotcopper.com.au/threads/chart.5514818/page-1572?post_id=57896117#.YnDlItpBxPY

    The chart was posted with a closing price of 0.65c the price of DEV went onto fall to 0.33c so anyone that followed my advice did extremely well from that trade alone....

    Its not always nice to hear of a correction in a share price but if you are constantly posting charts with an arrow up what really is the point IMO....

    Other than to brag when it eventually does break to the upside which I feel you are setting up to do....GL

    Chart update....
    DEV Closed smack on the 200EMA as posted previously and that level has offered support many times before my charts have always shown a bounce around these levels and that is still on the cards however the bullish hammer pointed out by @Dragonfly70 was negated today with a further fall to 0.415c......

    There is a lot of downward pressure on the DEV share price and this is always the case in correctional moves down they are very hard to reverse....

    Again - The extreme moves lately in the markets are going to play a very large role in the direction of many stocks....

    DEV_2022-05-03_18-30-15.png
    Last edited by kyngdominion: 03/05/22
 
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DEV (ASX) Chart
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