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:
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A slight retrace is all part of the Ascending Triangle playbook...
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Last
$1.68 |
Change
-0.040(2.33%) |
Mkt cap ! $1.281B |
Open | High | Low | Value | Volume |
$1.73 | $1.73 | $1.63 | $14.85M | 8.903M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.69 | 17996 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 1.675 |
3 | 7112 | 1.660 |
2 | 32001 | 1.655 |
8 | 35731 | 1.650 |
1 | 10001 | 1.645 |
Price($) | Vol. | No. |
---|---|---|
1.685 | 17996 | 3 |
1.690 | 31060 | 4 |
1.695 | 36746 | 4 |
1.700 | 143052 | 9 |
1.710 | 28053 | 3 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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