DSE 0.00% $2.77 dropsuite limited

I don’t recommend trading shares with a value of less than $0.10...

  1. 306 Posts.
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    I don’t recommend trading shares with a value of less than $0.10 because they tend to be illiquid. DSE is probably completing an Elliott Wave sub-wave 4 of a larger Wave 1. Price has been trading sideways in a flag pattern for 3 months and a break out of that pattern has an initial target of $0.09 and a subsequent target of $0.097 to $0.10, potentially $0.12 – depending on how price unfolds. Price has made a new weekly uptrend following the lows of March, however price broke below that valid uptrend line at the end of July and confirmed a new downtrend at the end of September. With price in a technical downtrend (but a valid downtrend line can’t be drawn), buying prior to price breaking out of the flag pattern by closing above $0.076 (ideally with a spike in volume) would be very high risk – despite the potential 18% to 55% price rise the chart hints at. One for the thrill seekers!
    https://hotcopper.com.au/data/attachments/2527/2527649-a88bf30434145d053a5a209953c36e3c.jpg
 
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Last
$2.77
Change
0.000(0.00%)
Mkt cap ! $193.5M
Open High Low Value Volume
$2.74 $2.78 $2.62 $52.50K 19.04K

Buyers (Bids)

No. Vol. Price($)
1 10000 $2.57
 

Sellers (Offers)

Price($) Vol. No.
$2.78 708 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
DSE (ASX) Chart
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