I wont buy people with my overall technical background techniques but i believe in a value range of equilibrium between buyer and seller and there are two types of traders, the long term big money and then the short term retail momentum players. The long term big money are the ones with the bigger bullets and guns and is technically where i like to enter.
so DMP is weekly heading down but even though this gives great shorts it also gives the ability to be long and play both sides and DMP has been a favourite due to its volatility and swinging nature....
Channels on the weekly show the rejection of the lower weekly wicks where the "long term" buyers are stepping into the market and buying the price up when "short term" sellers are taking it down below $42.
at the weekly low range i dont think shorts at this point. for reference the dotted lines is the value equilibrium i see in the daily chart. which is also thumbnailed. last 3 weeks august into sept shows the range between buyer and seller settles between 42 to 45. last couple of days it fell out of this range to the low but under avg volume and thursday sees the lower wick indicating "long term " buyers (on higher volume) taking advantage of the low price . IMO this is a sign of a false break, head fake, stop loss hunting whatever you want to call it is going to occur and price will settle back into the value equilibrium, and Friday shows that with the $45 high range the next stepping point........a break to the high then showing a push back into the high range of the weekly value equilibrium...
see at times there can be longs in big shorts stocks
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I wont buy people with my overall technical background...
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Last
$33.15 |
Change
0.460(1.41%) |
Mkt cap ! $2.865B |
Open | High | Low | Value | Volume |
$32.85 | $33.53 | $32.80 | $12.31M | 370.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 871 | $33.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.15 | 451 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1932 | 42.440 |
2 | 2404 | 42.420 |
2 | 2266 | 42.380 |
1 | 2021 | 42.360 |
1 | 314 | 42.350 |
Price($) | Vol. | No. |
---|---|---|
42.480 | 2682 | 2 |
42.490 | 2045 | 2 |
42.500 | 4838 | 3 |
42.510 | 3713 | 3 |
42.520 | 1147 | 1 |
Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
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DMP (ASX) Chart |