DRO 2.70% 90.0¢ droneshield limited

Despite closing flat we saw a higher low / higher high over...

  1. oke
    3,225 Posts.
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    Despite closing flat we saw a higher low / higher high over previous day maintaining good volume and $ turnover
    A few things contributed to the sp stall
    - Horizontal support line at 89 ,
    - Fibonacci +38,2% (77.5 - 114.5) at 92.5
    - Intraday channel resistance 92.5
    - SPP selling on release
    So a decent close considering these 'temporary' headwinds

    We're at a juncture ...consolidate at these levels this week or steadily move higher...based purely off the chart my money would be on a continuation to move higher and test the gap above.



    Last edited by oke: 08/05/24
 
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