Hi all, agree with slick - good work on the chart. There is always room for more T/A so here is my addition to his work. Multiple buy divergences after a huge fall are required to turn a chart around. We have them as shown. A large base has formed from A and we have seen the initial jump to that purple line.
Now the BBands have pinched tight which precedes a move in either direction. The 20dma in the middle of the BBands is just starting to turn up. I like to see price turning up enough to turn the top band upwards too. These indications fit with Slicks coverage. The last buy divergence stronger and potentially at the end of this base formation.
A huge amount of work has been done by the team to get traction once again. Their move to gold this year just starting to provide green shoots. The rest of Mangaroon is prospective / mineralized. The smaller stocks are starting to stir now which opens up a new paradigm in its infancy at present. Just a few thoughts. This is starting to look bullish in a modest way now.
On another note I have a question for Tiberius1. Your first post on HC ever and having a crack at Dean and DRE. You remind me of somebody that lost his red heart and departed recently. Are you always negative? What are the odds you join HC and do one post to start with that content? No malice here I wish you well. Just curious.
All the best to everybody I hope the charts help. The fundaments look much better now too. DYOR CW
DRE Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)