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-517
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Last
$1.56 |
Change
0.020(1.30%) |
Mkt cap ! $1.189B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.61 | $1.54 | $12.78M | 8.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 32527 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 11284 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |