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1.84%

80.0¢ droneshield limited

Gap now closed. Dead cat bounce?

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ProCapitalism

4,945 Posts.

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06/09/24

23:11

Post #: 75570228
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Originally posted by Michaelpotter ↑

Based on what I can see with a bit of novice TA on the daily chart is that we have created a support at $1.185 and are continuing to push towards a potential resistance of $1.39. If we are able to break through this then we will enter back up into the support/resistance zone of $1.39 and $1.505. If we have gain enough volume to break up out of this zone (With possible retests of this zone to grab liquidity before moving up) then we should be able to move up towards the next resistance of $1.74. Good news/sales and indices inclusions should allow us to move freely towards our ATH ($2.71).

I will reiterate that I am of the firm belief that we are sitting on a long term goldmine here if people can be patient on the sales to actualise as the pipeline and contracts awards grow. The fact that we are seeing some steady growth in the SP tells me that the pump and dumpers are gone and we can get back to growing this company well out of penny stock status and into a giant/leader within the industry.

Looking forward to all the success to come

LET’S GO DRO!

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Gap now closed.

Dead cat bounce?

DRO Price at posting: $1.32 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 80.0¢		Change -0.015(1.84%)		Mkt cap ! $697.6M

Open	High	Low	Value	Volume
80.0¢	82.0¢	78.0¢	$11.80M	14.81M

Buyers (Bids)

No.	Vol.	Price($)
6	171352	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.5¢	15000	1

View Market Depth

No.	Vol.	Price($)
6	171352	0.800
5	55892	0.795
14	121470	0.790
8	73890	0.785
38	320150	0.780

Price($)	Vol.	No.
0.805	15000	1
0.810	89241	3
0.815	50000	1
0.820	86161	8
0.825	200000	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

DRO (ASX) Chart