IMO a retrace did happen already, the RSI hovered above 80 and was followed by HEAPS of selling activity on Friday. Even though we closed 8% higher than Thursday, their were plenty of shares bought at higher prices (>19c) that were followed by a rather vicious sell down. The current RSI of 73 is awesome: less than 80 means it's probably not crazily overbought, but >70 still indicates a pretty agressive uptrend and likley means DCC isn't showing any signs of bearish divergence. As long as this stock keeps bouncing between approx RSI 70-80, don't expect a downtrend to occur out of nowhere - you're gambling against the odds if you do.
TLDR: How's this for a vote of confidence! morningstar TA has been pretty spot on these past few weeks, 30c is our next target!
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $36.38M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $25.29K | 616.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 207064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 0.041 |
9 | 738007 | 0.040 |
7 | 452564 | 0.039 |
10 | 704819 | 0.038 |
7 | 207000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 207064 | 1 |
0.043 | 327997 | 4 |
0.044 | 297709 | 5 |
0.045 | 522200 | 2 |
0.046 | 462000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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