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
$1.48 |
Change
-0.160(9.76%) |
Mkt cap ! $1.117B |
Open | High | Low | Value | Volume |
$1.63 | $1.64 | $1.41 | $15.50M | 10.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3755 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 68414 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2725 | 1.470 |
5 | 80245 | 1.465 |
4 | 16944 | 1.460 |
5 | 17831 | 1.455 |
10 | 141410 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.475 | 49072 | 8 |
1.480 | 79533 | 8 |
1.485 | 27600 | 3 |
1.490 | 79146 | 5 |
1.495 | 74361 | 7 |
Last trade - 11.24am 24/06/2024 (20 minute delay) ? |
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