Yep seeing the same thing you are.
Weekly looks bullish after closing the gap from the week 17th Dec as well as re-testing the downtrend it broke on volume.
RSI beginning to trend up as is the MACD. Looking for a break of .20c resistance to begin a new trend.
A Morning Star reversal pattern also evident in last three weeks candles.
Good solid quarterly just released should see a net positive next quarter which will give another boost to SP and potentially a re-rate as future earnings potential can begin to be priced in.
2019 could be the year DRO begins to establish itself and make some large contract announcements. My prediction is a large military order to Thales. "Thales will utilise and promote DroneShield’s products in its defence and security contractbids in Spain involving counterdrone aspects".
https://wcsecure.weblink.com.au/pdf/DRO/02058434.pdf
Drone Media, page-80
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Last
72.0¢ |
Change
-0.035(4.64%) |
Mkt cap ! $1.116B | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 77.0¢ | 71.0¢ | $5.480M | 7.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3399 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 51821 | 4 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| DRO (ASX) Chart |
