TI1 0.00% 1.4¢ tombador iron limited

DVI - TA analysis

  1. 9,522 Posts.
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    At the request of @forrestfield here is my take on the chart for DVI.
    The daily chart clearly shows a strong upward channel, currently the price sits at the top of this channel, this top coincides with the nearest resistance, 1.9c which seemed to have been tested yesterday and failed, short term. If the price can get above 1.9c it would be a significant move and signal a breakout.  After 1.9c there is not much resistance up to about 2.8c.

    The good sign overall is that volume is increasing with increasing sp, meaning more $$ are being turned over as the price climbs.  

    Overall the sentiment on DVI is becoming more and more positive and there is increasing interest, any positive news and the price should react very nicely.

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