A slight retrace is all part of the Ascending Triangle playbook and welcome on a Friday
Chart is now set up perfectly for next week after the retrace to 73¢ has flushed out the weak hands,,, retained a relatively high VWAP 75¢ which has risen all week, which underscores strong market support for a continuation of the uptrend next week.
Lithium stock portfolios took a battering and suspect we benefited from some rotation trades our way
Also, Nvidia released its quarterly results Thursday sparking global rally especially in AI centric stocks , like DRO,
Stunning growth in revenue and profits and high growth outlook for next quarter. CEO said AI at 'tipping point' (of exponential growth ) - a structural change, not cyclical, so sector on a long term growth trajectory..
DroneSheild is essentially ASX AI stock
Worth repeating Bell Potters recent analysis 16/1/24:
DRO - Chart and TA., page-516
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Last
$1.64 |
Change
-0.060(3.53%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.75 | $1.57 | $28.10M | 16.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4706 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 15582 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |