From my perspective, it retraced to 59c in a perfect Fibonacci maximum retracement, I couldn’t resist and added even more having just taken profits elsewhere. I’m very satisfied it held that level, and is gradually rebuilding towards 85c. While I remain disconcerted by the willingness of directors to cash in each time, and expect to get more free shares, the reality is they are in an incredible position to capitalise on western need to increase military spending, especially counter drone technologies.
I have an outrageously high exposure for a retiree, but having suffered previously with Alexium which initially promised so much but fizzled and delivered so little, I can’t easily forget the directors’ common lack of shareholding commitment which creates an ongoing doubt in my mind about the long term. For now though, momentum in business prospects is on their side.
i’ll review again once they enter the indices and mkt cap gets towards $600m.
- Forums
- ASX - By Stock
- DRO - Chart and TA.
From my perspective, it retraced to 59c in a perfect Fibonacci...
- There are more pages in this discussion • 223 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
(20min delay)
|
|||||
Last
89.0¢ |
Change
-0.015(1.66%) |
Mkt cap ! $643.8M |
Open | High | Low | Value | Volume |
91.0¢ | 93.5¢ | 88.5¢ | $3.667M | 4.046M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 115161 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 26277 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 115161 | 0.890 |
9 | 88326 | 0.885 |
25 | 395831 | 0.880 |
10 | 166160 | 0.875 |
13 | 110659 | 0.870 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 26277 | 3 |
0.905 | 26228 | 3 |
0.910 | 9000 | 1 |
0.915 | 3210 | 1 |
0.920 | 191832 | 5 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
89.5¢ |
  |
Change
-0.015 ( 1.54 %) |
|||
Open | High | Low | Volume | ||
91.5¢ | 93.5¢ | 88.5¢ | 1631297 | ||
Last updated 15.58pm 21/05/2024 ? |
Featured News
DRO (ASX) Chart |
The Watchlist
ATC
ALTECH BATTERIES LTD
Martin Stein, CFO
Martin Stein
CFO
Previous Video
Next Video
SPONSORED BY The Market Online