DRO droneshield limited

DRO - Chart and TA., page-3006

  1. 217 Posts.
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    There is a caveat, i see needs to be added there also. Late macro market cycle always sees profits taken at or near tops on blue chip stocks and TRADs, money is rotated into small mid sized caps, that have or about to macro bottom, as its easy to pump these markets with profits taken, and can be pump and dump or actual movement into “safe sectors” prior to a macro crash-correction. DRO i see in this space, but i also see it as a hedge being a defence sector stock. SP and PA shows its in a macro positive trend, regardless of “news” or “sales”. As have posted since December i see major conflict escalations across the globe, and markets will respond in turn, DRO was listed late in current 18.6 year cycle, it has done the mandatory 90-99% correction following being listed, its just beginning its first macro cycle run to an ATH completion in next 4-6 years, while TRADS likely have a major crash correction over this period of time, of a 6 year negative cycle into 2032. In all macro market cycle crash-corrections there are stocks, that will run up against a market that foremost part is in a macro negative trend. Once again i see the defence sector that will be shielded from this as once again western countries expand the GDP spent on their military and defence departments. DRO just happens to be in a new market where drones are now highly visible in these current conflicts and are likely to be expanded unfortunately into terrorist attacks locally and overseas at some point. Security locally and internationally will see DRO have its place in the markets. Sales will come and news will follow, for those waiting for such will have missed the boat. NFA DYOR ensure risk management, Safe trading all
 
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Last
$1.91
Change
0.100(5.52%)
Mkt cap ! $1.670B
Open High Low Value Volume
$1.83 $1.93 $1.79 $33.62M 18.12M

Buyers (Bids)

No. Vol. Price($)
7 276149 $1.91
 

Sellers (Offers)

Price($) Vol. No.
$1.92 80000 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
DRO (ASX) Chart
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