DEG.ax - De Grey Mining Ltd Overall| [IMG] Targets| Six months:...

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gbgirl

5,195 Posts.

1484

09/09/20

06:41

Post #: 47190839

Originally posted by Wack ↑

@timmoHere is some more to consider with respect not just to deg.
This one is the GP.
If this takes place then you will have a catalyst for further gains in all goldies.
At this stage, this one could be more bold but possible?
This one was done on Aug 25 and has been morphed just a little with the 2 pink lines.
Again, this is probability so keep that firmly in mind.
What I hold is for the longer term so being wrong for me just means holding longer.
The longer that sideways movement, the stronger the charts become, ( daily, weekly and monthly ).
Nice reversal again overnight from the horizontal red line.
That line is the old 2011 all time high that I now consider support and I don't believe we will see the gp break lower,
( also reserve the right to be wrong on that ).
Kind regards, Wack.

Bottom line and 50dma revisited.
Let's keep an eye on how this plays out.

Now let's see if these play out.
As for that poster recently that rubbished the charts, I would like to see your forward estimates, wrong or right, would you be so bold?
Kind regards, Wack.

Expand

DEG.ax - De Grey Mining Ltd

1 Overall

2 Targets Six months: 1.748 One year: 2.042

3 Supports Support1: 0.930 Support2: 0.580

4 Resistances Resistance1: 1.497 Resistance2: 1.748

5 Pivot Point 1.083

6 Moving Averages MA(5): 1.337 MA(20): 1.005
MA(100): 0.681 MA(250): 0.337

7 MACD MACD(12,26): 0.15 Signal(12,26,9): 0.11

8 Stochastic Oscillator %K(14,3): 93.0 %D(3): 91.7

9 RSI RSI(14): 77.2

10 52-Week High: 1.497 Low: 0.039 Change(%): 2509.1

11 Average Volume(K) 3-Month: 1132195 10-Days: 1563700.250000

Moving Averages analysis

1 Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

Bollinger Bands Analysis

1 DEG.AX has closed below upper band by 8.4%. Bollinger Bands are 191.2% wider than normal. The large width of the bands suggest high volatility as compared to DEG.AX's normal range. The bands have been in this wide range for 7 bars. This is a sign that the current trend might continue.

	DEG.ax - De Grey Mining Ltd
1	Overall
2	Targets	Six months: 1.748 One year: 2.042
3	Supports	Support1: 0.930 Support2: 0.580
4	Resistances	Resistance1: 1.497 Resistance2: 1.748
5	Pivot Point	1.083
6	Moving Averages	MA(5): 1.337 MA(20): 1.005 MA(100): 0.681 MA(250): 0.337
7	MACD	MACD(12,26): 0.15 Signal(12,26,9): 0.11
8	Stochastic Oscillator	%K(14,3): 93.0 %D(3): 91.7
9	RSI	RSI(14): 77.2
10	52-Week	High: 1.497 Low: 0.039 Change(%): 2509.1
11	Average Volume(K)	3-Month: 1132195 10-Days: 1563700.250000

	Moving Averages analysis
1	Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

	Bollinger Bands Analysis
1	DEG.AX has closed below upper band by 8.4%. Bollinger Bands are 191.2% wider than normal. The large width of the bands suggest high volatility as compared to DEG.AX's normal range. The bands have been in this wide range for 7 bars. This is a sign that the current trend might continue.