This morning traders will be forced to sell into buy line.No...

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10/10/24

10:06

Post #: 76058758
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Originally posted by Michaelpotter: ↑

TA is all up to interpretation of market structure.

The way I see it based on the chart below we are currently ranging between approx $1.12 - $1.50. We have finally had some great news come in and the downrampers are quick to weigh in an attempt to drive price down and get in for pennies on the dollar. Just remember all you positive traders out there that all the negs are going talk nonsense win lose or draw.

I think the next potential resistance point could be around $1.21 if we don’t continue to drive up in the meantime. It won’t be considered a confirmed downtrend until we cross that $1.12 mark.

We are only continuing to build sales momentum furthering out visibility and reputation of our products through contracts with large scale business like the US. None of us really know how many contracts are imminent or close to being finalised. Only time will tell. Do you all really expect every contract to be $50-$100m each? Considering this has war and civilian applications which I’d rather have thousands of small SME orders come through on as well as some larger contract orders. Have patience and faith and you’ll be rewarded. All the downrampers will go into hibernation once the sp regains momentum. Factory/deman is growing, the team is growing. Ah! There’s so much to look forward to. Bring on $1.50 and beyond!

LETS GO DRO!

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This morning traders will be forced to sell into buy line.

No choice.

DRO Price at posting: $1.29 Sentiment: Buy Disclosure: Held
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Add DRO (ASX) to my watchlist

(20min delay)
Last 81.0¢		Change 0.010(1.25%)		Mkt cap ! $706.4M

Open	High	Low	Value	Volume
79.0¢	82.5¢	78.0¢	$7.281M	9.055M

Buyers (Bids)

No.	Vol.	Price($)
3	27773	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	4500	2

View Market Depth

No.	Vol.	Price($)
3	27773	0.810
5	35264	0.805
14	427142	0.800
8	55710	0.795
14	93884	0.790

Price($)	Vol.	No.
0.815	3500	1
0.820	128709	10
0.825	109175	9
0.830	207650	10
0.840	95970	7

Last trade - 16.10pm 13/11/2024 (20 minute delay)

DRO (ASX) Chart

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