DRM 1.80% 54.5¢ doray minerals limited

Giant Flag looks ready to go, page-145

  1. 502 Posts.
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    Your grabbing at straws
    As you will know no chart or trading indicators can predict the future 100%.
    Question: Can you honestly state 100% that the SI's that took up the share placement at 0.28c are the dumpers and sellers now?
    If Yes you are stretching the truth because that is impossible to tell.....
    If No then maybe there is another reason!
    DRM reached an all time high (off the 0.16c lows) of 0.32c before the CR announcement....It fell sharply the next day to 0.29c bottoming at 026.5c and closing at 0.27c -

    0.30c WOULD have IMO been the bottom for DRM if the Andy Well announcement was not delivered.... As it ran along the 0.30c mark from March 17 thru to July 17 before the announcement... So 0.30c was incredibly strong support that broke the next day after the AW closure announcement....that support became very strong resistance afterwards - it tried to break thru 0.30c for an extended period of time from Jan 18 to almost to June 18 when it finally did break through that resistance has now become very strong support
    All you are seeing is the churn and chop along this trend line.
 
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