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.
DRM Price at posting:
28.5¢ Sentiment: Buy Disclosure: Not Held