STT Week end 21st July 2023, page-38

STTCOMP DSE TA LONG


Dropsuite Limited is a cloud software platform enabling businesses to easily backup, recover and protect their important business information.

Market Cap: $193,966,853
SOI: 692,738,759

DSE has been trading above a rising 50sma. The golden cross in November 2022 has pushed price higher and it has been putting in higher highs and higher lows until pulling back to retest the 50sma. Lower than expected earnings this week has caused a sharp pull back. Price is at short term Support/resistance and at a demand zone.