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-3415
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Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $70.26M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.0¢ | $356.7K | 17.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1279958 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1664660 | 3 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| DRE (ASX) Chart |