DRE 5.56% 1.7¢ dreadnought resources ltd

DRE Chart, page-854

  1. 115 Posts.
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    I agree...Definitely in an uptrend. Very bullish technicals at the moment.

    1. Price/Moving Average Price of 1.37: The Price/MAP 200 for Dreadnought Resources is 1.37. Being higher than 1 is a bullish indicator.

    2. It is higher than the Price/MAP 200 for the All Ordinaries Index of 0.91, a second bullish indicator.

    3. The stock is trading above both its MAPs and the 50-day MAP of 4.19c is higher than the 200-day MAP of 3.43c, a third bullish indicator.

    4. The price to 50-day EMAP ratio is 1.1, a bullish indicator. The 50-day EMAP has increased to 4.19c. An increase is a fourth bullish indicator.

    Past Quarter: The Best 3 weeks in the past quarter In the past quarter the week beginning Monday April 04 saw the highest weekly rise of 17.9% for a relative price increase of 18.1%.The rise was propped up by volume of 2.9 times average.
    Last edited by Justafeeling: 01/07/22
 
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