DNK 0.00% 31.7¢ danakali limited

DNK Chart, page-3

  1. 7,537 Posts.
    lightbulb Created with Sketch. 1776
    Thanks for the chart Owen but I'm not sure there's enough liquidity to see Elliot Wave patterns play out.

    Also, the drop down to 22c was driven by the CR issue price being 22c so there was real reason for the SP to fall there, but there's not a real reason in the future to touch that point again - unless something fundamentally changes.

    Furthermore, we are expecting a series of announcements in the next 6-8 weeks that would again push the SP higher again.

    So, IMO, we may slip a little and hover around 27-28c for a while (if no news is forthcoming) but we're so tightly held (now that Sprott are gone) I just cant see anyone selling this down to low 20s any time soon.

    Just my opinion. I really do value technical analysis and I like to have a crack myself but DNK doesn't really meet the TA criteria IMO.
 
watchlist Created with Sketch. Add DNK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.