DEV Gapped up and opened on the confirmation line (neckline) of...

DEV Gapped up and opened on the confirmation line (neckline) of the small DB pointed out previously being 0.24c and looked like it was going higher reaching 0.255c .....with a target of 0.28c and downtrend would have been broken...

Unfortunately in a downtrend results like these (not that they were bad) only give holders an opportunity to sell....

And sell they did with a large Bearish engulfing candle left behind...today. Definitely not what you want to see on a chart.......No matter what the volume.

With Au and the DOW up so strongly last night and an engulfing candle left behind today looks like there will be another spike down....

Good news is that the long term trendline from the initial rise of 0.035c is sitting and rising at 0.175c and is within the target zone of the double top that started this downturn so that should hold....IMO

CHN did something similar back in Feb this year reaching a 80 million mkt cap (0.33c) before retreating and falling to 0.16c because of Covid then well the rest is history...So 80 million with nothing seems about it.....

We will find a bottom and it should be no lower than 0.175c and we will then wonder around the low to mid 0.20's until we get company making results or run out of money and have to go for another CR however my calculations give us until mid next year before that happens....So bring on Sovereign Hill IMO any Pd results around 4 to 8g/t would send us on our way and the CR would be at a $1 plus... CHN are still trying for gold at Pyramid Hill and that started late 2018....with a lot of encouraging results along the way.......

But in saying that it usually comes out of left field and well with all the opportunities DEV has and the continual and extending drilling campaign it feels like an all out attack to either make it or break it....and I like their chances...

chart update...