DRE 5.56% 1.7¢ dreadnought resources ltd

DRE Chart, page-1003

  1. 1,391 Posts.
    lightbulb Created with Sketch. 10578
    So today was not the day. We could potentially bounce off the that short term D1 at 0.058 and have another crack at it tomorrow, however at the the same time we have don't want to run too hard without taking a breather on the way. It would be nice to develop a range here for at least a couple days before moving higher (as opposed to running more and coming back anyway, or dropping back to previous resistance). I am leaning towards a pullback towards support.
    The first sign of the next leg up will be a close at 0.063 or higher, whether that comes tomorrow or next week is anyone's guess. News will certainly help things a long. Without news, we are left at the mercy of the technicals, which in this case is positive, though just somewhat slower. The ball is rolling and the momentum will build as the company continues to tick boxes. I'll post a new one analysis when something changes.
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.