DNA 6.25% 3.4¢ donaco international limited

Couldn't find a thread for this so here we go! DNA Market Cap:...

  1. 4,645 Posts.
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    Couldn't find a thread for this so here we go! smile.png

    DNA Market Cap:
    $48M
    Shares On Issue: 1.23B
    Top 20 Holding: 89.23% or 1,102,286,380 shares
    Shares Outstanding: 129,739,106 or 10.77%
    Cash Equivalents: $6,316,530
    Revenue: $10.31M
    Debt: $6M

    IF THESIS HOLDS: Price Target 6.5c - 8.2c Zones especially as 150/200 EMA's reclaim as per patterns below what.png

    Sentiment: Buy & Hold


    Capital Raise was 3.5c back in June I suspect once prices reclaim and hold above 4.2c we could see potential upside all the way reaching back to the highs. Technically speaking we have a higher low from last year at these levels and a potential double bottom formation. Notice the chart below has highlighted levels displaying the technical thesis.

    More volume is here now than it has ever been. 150 - 200 EMA reclaim last year sent the stock rocketing toward 9.2c from the 3c lows. Not saying it'll happen again but worth keeping on the radars for it.

    https://hotcopper.com.au/data/attachments/3726/3726166-93463bf22e399066cd8d02505cfa1412.jpg

    Attached below is also a Weekly analysis of the chart. I added this to show the levels I have been watching since 2018. None of the lines have been changed for my own personal perusal so I like to keep them smile.png The weekly also shows the potential double bottom formation with a multi week/month setup taking place.

    News catalysts could be the trigger for such upsides.

    https://hotcopper.com.au/data/attachments/3726/3726188-3938f8f672ae94fe84bdfacc88bfec76.jpg

    Oh and some may think "why/HOW did DNA get back on your radar? Well attached is a photo below of one of my favourite things to do.....stalk Insto/Whale Prints! wink.png

    Dated 29th September 2021 After Hour transaction of 15M shares at 3.4c = $510,000 adding further weight to this potential double bottom! eek.png I wanted to enter at like 3.6c for a scalp and flip at 4c BUT I missed it! Been watching it ever since!! Notice the 6c seller?

    https://hotcopper.com.au/data/attachments/3726/3726206-9c5d79bfab682993d5d4976ce32cd8b2.jpg
    That same 6c seller is still lined up and again at 6.5c probably means nothing.

    https://hotcopper.com.au/data/attachments/3726/3726329-eb7ab2b617d27ae721d1e7218ddfd394.jpg
    Last edited by Cheeky-Charm: 26/10/21
 
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Last
3.4¢
Change
0.002(6.25%)
Mkt cap ! $42.00M
Open High Low Value Volume
3.4¢ 3.4¢ 3.4¢ $2.377K 69.90K

Buyers (Bids)

No. Vol. Price($)
1 90590 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 52400 3
View Market Depth
Last trade - 15.20pm 14/06/2024 (20 minute delay) ?
Last
3.4¢
  Change
0.002 ( 6.25 %)
Open High Low Volume
3.4¢ 3.4¢ 3.4¢ 27501
Last updated 11.14am 14/06/2024 ?
DNA (ASX) Chart
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