DVN 4.00% 13.0¢ devine limited

Chartwise it looks like about 35.0c is where they become a good...

  1. 426 Posts.
    Chartwise it looks like about 35.0c is where they become a good buy for any next shorter term cycle. And that could very well come before any report turns up.
    Really they have been in a downtrend since the day they first listed. With the usual market longer term waves and 'special' external input sections (ie 1994-95, 2000-01). But they have never breached that upper down trend line anyway. Which isn't too important for a shorter term play, except in terms of having any downside protection at all.
    I guess you could buy some at 40c, then some at 35c if/when that comes. They COULD make a surprise move sooner, but odds wise it is low %. So it would be far more prudent (and profitable likely) to just sit and WAIT for 35c/36c.
    If they get to 35c I will buy some, and sit for a fairly short term target (from then) of around 20% at 43c to 45c area.
    There are always other and/or 'better' things around that are more near being 'ready' to go. So pretty well no particular individual stocks that look like this chart are ever too much of a rush to get into.
 
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