Thank you Hesh 1983...I would further add sometimes it takes time to soak up the unloved stock from the doubters ...and this is good because it forms a base range of price ie a base of support which forms a spring board ie above that range sellers are not in a hurry to sell or if you like stock becomes tight and bidders quickly move up their price to squeeze out supply ...now I would suggest that the range of support for Dubber is from $1.10 to about $1.24 and certainly quite a few million shares have changed hands during the formation of the Head and Shoulders ...I would add we had a head and shoulders on the 5 year chart for almost two years and it has now failed to continue a downward move and we are now on the upward recovery leg..a head and shoulders may continue downward or reverse failing to continue downwards and in the case of the upward recovery of Dubber where we are now ...we have an average upward move according to Thomas Bulkowski's work of about 50% so add 62c on to $1.24 ...yes at $1.86 we are well on our way to $2.00 ..if we get some really good news ..We are all aboard the Dubber express but I can assure you as the move exerts itself many people will say "I wish I had bought more cheap shares when I had a chance" it's the way of things!!!!!
For those that want a background of statistical
probability analysis ie using a large number of cases in the sample reviewing head and shoulders or double bottoms ,double tops and many many others formations ..and analyzing the averages of very large representative historical samples ..Thomas Bulkowski has done a marvelous job in his books on Chart patterns ...and I feel his books are worthy of a read and kept as a reference source. I would add his books are not cheap...I suggest you might get your library to acquire them for your review.
I have used his work to great advantage in the past and from his work it appears the weakness in Dubber is finished and as I have said... it appears a strong run lies ahead...To add Volume over the last few weeks has become tighter and tighter with a need to bid up the price to get stock..it appears that finally the swamp is now almost drained.
It looks like we may be entering that short time period prior to a major break out...you could say the fuse is smoldering..can you smell it!!!!
All the best to All.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.90M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49884 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 48000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 3580116 | 0.020 |
3 | 1552680 | 0.019 |
8 | 1541758 | 0.018 |
8 | 2178940 | 0.017 |
24 | 5866292 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 1000000 | 2 |
0.022 | 1426793 | 4 |
0.023 | 251500 | 3 |
0.024 | 1800 | 1 |
0.025 | 400000 | 2 |
Last trade - 09.46am 19/11/2024 (20 minute delay) ? |
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