After pulling out the charts this is what I see. On a technical...

After pulling out the charts this is what I see. On a technical basis what DRE experienced was a big day of profit taking at a key level of weekly resistance. Yes we had a mass note conversion nevertheless it occurred at this level. That day produced what is called a bearish engulfing candle wiping out several days of gains. Traders that see this, most without looking at any fundamentals, will sell into this, hence the continuation of selling with elevated sale volumes (some selling is also profit taking). There is a lot of soaking up of these shares and I suspect these to be big long-term investors using the liquidity to position themselves, not as a trade but as an investment in the company itself.





Looking at the long-term weekly chart you can see a massive cup shape. The right of the cup can be split into 3 waves (waiting on 4 & 5). The handle could be forming now with a measured move, if the highs are taken out, of 0.11 before an extended correction. Obviously a world class discovery will accelerate this move.




All IMO GL