yup. If I cast my mind back to Racal Electronics when it was a pnds $2m mkt cap (it now owns Vodaphone) in the seventies, if you sold expecting a Fibonacci pullback you never got back in. It just went vertical for a year or so, doubling every few weeks.
while I’m not suggesting DRO will do the same, and it could retrace if we this news pause continues, it seems likely to keep gapping up on new order flows as they are at that flexion point in the j-curve.
I have sold a few at 60c only because I was massively overweight in the stock even before it jumped. I fully expect it to reach 85c before it might settle down for a while, unless the j-curve really kicks in for them (which I’m hoping it will).
DRO - Chart and TA., page-381
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Last
$1.46 |
Change
0.005(0.34%) |
Mkt cap ! $1.108B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.41 | $13.40M | 9.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23103 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 48725 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.45 |
Change
0.005 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $1.48 | $1.48 | $1.41 | 2660986 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DRO (ASX) Chart |