DTE 0.00% 13.0¢ dart energy limited

i think the market depth had a signal for 0.08, page-4

  1. 580 Posts.
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    I'm not a chartist, but I have been following the market movements for quite a while. I think it would be counterproductive for those making money in the selling and buying back of DTE shares for them to let the price go below 10c at the moment, because the steps get much smaller. Between 10 and 11, there is 10% profit to be made in nice chunky movements. Below 10c, then the 10/10.5 area becomes huge resistance. From previous experience (which I guess equates to charting) the price will come back up to the 12-12.5 area again before the selling recommences (barring a positive announcement).
    There are no obvious prop bids in at 10c, it looks like mainly bargain hunters to me; I might join them.
    This is entirely speculation on my part, DYOR etc.
 
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