DRO 1.85% 79.5¢ droneshield limited

DRO - Chart and TA., page-1671

  1. 575 Posts.
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    @ProCapitalism
    Bit sensitive huh? Keep in mind that when 'only asking a question' that questions imply your view. In this case your view is that this could be a dead cat bounce, which is supported specifically by what you have illustrated with your down arrows on the graph. Your original post stated 2 simple points
    1. Gap closed
    2. Could be a dead cat bounce?

    Suggesting a dead cat bounce without anything to support it is wild, but now you've supported it with your latter commentary regarding MACD, RSI, and Kumo.

    We're not seeing low trading volume and the stock hasn't really moved on news updates which is something you'd expected to see usually - doesn't mean you're wrong and we may see continued selling.

    To me though, purely off visuals I think it looks more like the four stages of a hype cycle than a dead cat bounce. Regardless the stock is overpriced relative to growth so far this year so if sales don't materialize it'll look like the Bay of Pigs.
    https://hotcopper.com.au/data/attachments/6443/6443808-6cdc9d2ee68e4dd0b8f58cc677e681d6.jpg

    Last edited by specvestor: 09/09/24
 
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27 182197 79.0¢
 

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Price($) Vol. No.
80.0¢ 205000 6
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