DRE 5.56% 1.7¢ dreadnought resources ltd

Its always hard to pick a bottom. You basically want to see some...

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    Its always hard to pick a bottom.
    You basically want to see some confirmation of the bottom, you may miss a couple of % gain but its better than a being slapped with a sucker rally.

    Look at the crossovers showing the SP moving in the right direction below. See the gap on the current. Id be waiting until that crosses over before heavily investing back in. The candles outside the Bollies as Slick has stated are a sign, note how that didnt happen before. You would expect that at some point that will bounce back... but when.

    https://hotcopper.com.au/data/attachments/5689/5689129-641f755c2d1a91f2f4135525757ca356.jpg
    Here is Dec period note the crossover after the Candles outside the Bollie. Doesnt matter for the extermely long term holders unless they have spare cash to buy at the lows.

    https://hotcopper.com.au/data/attachments/5689/5689150-91bcc3e742880f35cd78f96e51428737.jpg

    Last edited by tektron: 27/10/23
 
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