I think IMU much lower than what the newsflow suggests it should be, and DREs news is not what it should be, but it has been excessively punnished for that too.
I think the grandiose comparisons to major projects and price predictions have left a lot of jilted holders that are running for the exits. This in itself can present as an opportunity, but a catalyst is still required IMO for price reversal.
Chart for now holding historic 2c support, seemed like a few buyers helped put a floor there today.
DRE Chart, page-3415
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 (20min delay)
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $63.23M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $22.04K | 1.224M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1920632 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 889544 | 4 |
View Market Depth
| Last trade - 13.20pm 24/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.001 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 263500 | ||
| Last updated 14.14pm 24/05/2024 ? | |||||
| DRE (ASX) Chart |