DEG 4.76% $1.21 de grey mining limited

From solely a TA perspective, this stock is officially oversold...

  1. 381 Posts.
    From solely a TA perspective, this stock is officially oversold after yesterday's dump. The SP has successfully bounced back up from the 100DMA which is a good sign. William's % R has as well bounced back from 0, MACD has crossed over above 0. The other short term MA (5,10, 20) are about to cross each other on the upper side which is another good sign.

    I will be putting my buy order in at 0.3c today, before release of the next news which is due in the next 5 days. I see a short term trading opportunity here. I rely on the TA for my entry and exit points and I will be taking a calculated risk here. Even if I manage to get out at 0.4c it is still a decent 33% profit.

    DYOR, this is my opinion. I do not want to be called a manipulator here. We are all here to make some money and that is what I intend to do especially after wasting over 2 months on this dog. Might as well make it worth the wait.
 
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Last
$1.21
Change
0.055(4.76%)
Mkt cap ! $2.899B
Open High Low Value Volume
$1.19 $1.21 $1.19 $9.324M 7.770M

Buyers (Bids)

No. Vol. Price($)
3 33645 $1.21
 

Sellers (Offers)

Price($) Vol. No.
$1.21 12149 1
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
DEG (ASX) Chart
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