DRM 1.80% 54.5¢ doray minerals limited

DRM Chart, page-130

  1. 2,060 Posts.
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    Went a long way down from the $1 highs
    clear flatline and rebound pattern on the annual chart & breakout technically

    There is the TA confirmation of the breakout from barchart.com, an 80% buy and long term buy also -

    Barchart Opinion
    INDICATOR
    • Opinion
    • Strength & Direction
    Column 1 Column 2 Column 3
    0 Composite Indicator
    1 TrendSpotter BUY
    2 Short Term Indicators
    3 7 Day Average Directional Indicator BUY
    4 10 - 8 Day Moving Average Hilo Channel BUY
    5 20 Day Moving Average vs Price BUY
    6 20 - 50 Day MACD Oscillator BUY
    7 20 Day Bollinger Bands HOLD
    8 20 - Day Average Volume: 936,329 Average: 80% BUY

    Unloved undervalued good ozzie goldies are being bought up and ramped as many others have topped out with limited upside but the midtier junior producer sector is heavily undervalued.

    IF DRM records another 6000 December production then it may well rerate to 30c-36c the support going down. It was 47c last year this time so a retrace maybe looking on.
 
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Currently unlisted public company.

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