DEV 4.00% 12.0¢ devex resources limited

Chart, page-801

  1. 130 Posts.
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    The chart is just playing with fib levels while we wait for updates, nothing much to see here. The traders really want to explore the green zone of 0.235 to 0.27. Scalping weak hands, building positions to sell off on any decent rise, this is where the impatient give their shares away.

    All EMA indicators are converging on that green zone as well, so 0.25 seems to be the pivot point right now. Nice base, slightly above most recent CR price. Seen this play out last year and earlier this year. Half the punters will rationalise why the CR was a bad idea now or how it could have been improved, yet the same people would have said "why did they do a CR right after good results and kill the momentum?" if they did it straight after a discovery. You can never win with CRs, people inherently hate them, yet they're necessary.

    As leaders, you ignore the noise and go with your instincts. The only thing that matters to investors is what the price is at this point next year, along with the fundamentals. Let the traders have their fun in the meantime.

    https://hotcopper.com.au/data/attachments/2722/2722255-dfc053d878cffaca21740edd36cb6984.jpg
 
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Last
12.0¢
Change
-0.005(4.00%)
Mkt cap ! $53.00M
Open High Low Value Volume
13.0¢ 13.0¢ 12.0¢ $37.38K 307.3K

Buyers (Bids)

No. Vol. Price($)
7 161146 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 83334 1
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
DEV (ASX) Chart
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