Yes all based on news flows. For me however the more concerning side of the chart is the recent cycles of news not gaining new highs.
As you can see the news days are creating lower highs. Either investors are seeing it as a time to get out and/or less people are not seeing the hype in the stock.
Something to watch, as the last new broke out but didnt close higher. I suspect its going to take some serious news on the current drilling program to see a swing out of the pattern in the short term. This of course is possible.... note we are back to pre July 2022 SP zone ranges.
DRE Chart, page-2930
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $63.46M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $18.14K | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1696568 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 806086 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| DRE (ASX) Chart |