DRE 0.00% 1.8¢ dreadnought resources ltd

heres a chart, REMX with DRE overlayed in yellow on the weekly....

  1. 66 Posts.
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    heres a chart, REMX with DRE overlayed in yellow on the weekly. Shares similarities with its general trajectory.
    https://hotcopper.com.au/data/attachments/5903/5903357-26d6068e251aad44e1661ecf07c1b50f.jpg
    So really we are moving with market flows, for the last many months money has been flowing from the sector, hence from DRE.

    On the daily REMX needs to hold the current $50 level or it will test $40, 20% lower for the sector, putting pressure on DREs price.
    https://hotcopper.com.au/data/attachments/5903/5903371-36e8b1c8fdad039d1d8b3e071e7f8cef.jpg
    DREs current chart looks like junk...... after filling the gap from Jul 21 it did a S/R flip and then tested (blue circle) in the last week it will now test a lower level. In the shorter term price structure needs to change to look for buying oppurtunities, at the moment its just down down....
    https://hotcopper.com.au/data/attachments/5903/5903385-598878a114e9b8ef5136fa17a94a4092.jpg
    Sorry to be negative but that is just the charts.
 
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Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
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