DRE 0.00% 1.7¢ dreadnought resources ltd

Optimism waning here - from a technical analysis anyway. Broke...

  1. 556 Posts.
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    Optimism waning here - from a technical analysis anyway. Broke through the 'previous high makes support' pattern, broke through the fib level, hovering bang on the lower trend line now. Some lower volumes looked promising for a bounce, then volume dumped. A bit of an auto rally followed by some news and something to bolster an end to the downtrend, but not enough to push past the point where some fast trades have got in: left with a weekend at a stale price point. And that's this week's weather. Next week looking more like stagnate sideways and break the lower trend line unless some positive winds clear to blue sky. Those patient people waiting for the confirmation won't have seen it yet... I'm looking at the 45-35 now ... Is it el nino or la nina we're about to get into?


    https://hotcopper.com.au/data/attachments/5150/5150027-07a336ac460a765f2ec4239e16809ad3.jpg

 
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1.6¢ 1.7¢ 1.6¢ $95.75K 5.977M

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Price($) Vol. No.
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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