DRE 0.00% 1.7¢ dreadnought resources ltd

DRE Chart, page-28

  1. 3,310 Posts.
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    If you bought at 0.002 you are the smartest dude in the room. Nearly x20 by the time it topped out at 3.7c. But it has undertaken a very orderly retrace to the 61.8% Fib retrace point, where it was well oversold. Has since begun the next climb and touched 2.1c Yesterday. If this is the beginning of Wave 3 of the movement, your 100% Fibonacci expansion target is 5.2c. The 200% would be 10.5c. Yes, they will obviously need some serious hits in the drilling to achieve it, but that certainly isn't out of the question. Could be real fun.
    This chart doesn't show it really well because I'm having issues adjusting the vertical price axis, but the math stacks up. A strong push through 2.2/2.3c important.

    https://hotcopper.com.au/data/attachments/3041/3041253-702e1f74644e6cf4186460ece8760144.jpg
 
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DRE (ASX) Chart
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