I think IMU much lower than what the newsflow suggests it should be, and DREs news is not what it should be, but it has been excessively punnished for that too.
I think the grandiose comparisons to major projects and price predictions have left a lot of jilted holders that are running for the exits. This in itself can present as an opportunity, but a catalyst is still required IMO for price reversal.
Chart for now holding historic 2c support, seemed like a few buyers helped put a floor there today.
DRE Chart, page-3414
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.07M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $40.09K | 2.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 6765426 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1761329 | 5 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| DRE (ASX) Chart |