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1.54%

79.8¢ droneshield limited

Chartists and their delusions, page-33

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Nez

613 Posts.

91

01/08/24

13:28

Post #: 75026469
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Originally posted by surfgimp: ↑

Is it possible to trade by spotting patterns in charts? Warren Buffett, the Sage of Omaha himself, had a simple verdict: no. He said, “I realised that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer.” He stuck to the polar opposite – fundamentals investing, where only the long-term financial prospects of a company are considered – and ended up the world’s richest man.. Some of the chartists recently posting their garbage as solid advice are delusional. The fundamentals of DRO are outstanding. The future pipeline of work is almost almost infinite until new warfare weapons are created. Even if the stock did drop to a dollar temporarily, why would you take the risk and sell when it is obvious the stock is going to keep going upward. The chartists are so myopic in their analysis that they miss the holistic view of the stock. Glad I’m not a chartist.

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This aged well... sorry just gotta point it out.
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This from the chart thread.
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Though if the chart was upside down now it would be a good thing.

DRO Price at posting: $1.19 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 79.8¢		Change -0.013(1.54%)		Mkt cap ! $695.5M

Open	High	Low	Value	Volume
81.0¢	82.0¢	79.5¢	$3.676M	4.562M

Buyers (Bids)

No.	Vol.	Price($)
9	167235	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	134591	19

View Market Depth

No.	Vol.	Price($)
8	163182	0.795
36	313461	0.790
16	137105	0.785
53	904728	0.780
13	869675	0.775

Price($)	Vol.	No.
0.800	146109	20
0.805	147878	13
0.810	378311	18
0.815	307123	10
0.820	874813	20

Last trade - 14.26pm 14/11/2024 (20 minute delay)

DRO (ASX) Chart