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miwoot2021

1,016 Posts.

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29/04/22

09:46

Post #: 61091193
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Originally posted by Patterns: ↑

There are a few major problems with DEL including it being in an active downtrend as a major stop hunt takes place. It has shown no inclination so far to bounce out of the demand level showing a lack of buyers. There are numerous trapped holders above current market price who bought in since about April last year. For mine an alert set at around 22 cents would be the only interest at present as this would represent a break above the previous swing high.

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Thanks heaps for the thoughts on the chart Patterns. I wasn't too keen on the chart but it seems the announcement has generated a little bit of interest pre market. Will see what ends up happening.
DEL
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