DRO, intraday long entryDRO weekly positive, large overhangs at 1.5, the second largest PoC by volume, daily shows sideways consolidation and hold of 150EMA which could be a really good opportunity for an agressive entry if it's gonna touch and go, 1H is breaking out of a tight consolidation, moving into a larger channel. However, this 1H upwards channel is a retracement to the impulse move started by that weekly drop!
DRO trade ideas
Finer Market Points: ASX Top 10 Momentum Stocks: 5 Feb 2024NYSE:BOC ASX:DRO ASX:RDM BME:MRL NYSE:FND OSL:NTI NASDAQ:PAA FWB:CXU AMEX:SMI
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
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Today's ASX's Top 10 Quarterly Momentum Stocks are:
Security (Security)
Bougainville Copper (BOC)
Droneshield Limited (DRO)
Red Metal Limited (RDM)
Mayur Resources Ltd (MRL)
Findi Limited (FND)
Neurotech Intl (NTI)
Pharmaust Limited (PAA)
Cauldron Energy Ltd (CXU)
Santana Minerals Ltd (SMI)
DRO 0.320 AI DroneshieldThis is another thats been quietly grinding away.
Theyve got cash coming in, orders are getting filled and theres only 650m SOI
IN Jan 23 they raised at 30 which is where the supply is coming from atm (surely?) once that lot is taken out we MAY finally see a semi decent run
Holding
Stt in red
DRO - Buying Trade PlanDRO has been in a good uptrend and within the bullish trend its always ideal to buy pull backs. Currently DRO is pulling back and has reached good support level. I will be interested to take a long position in the current zone for a potential swing trade to the upside after bullish price action confirmation. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
DRO - Trade PlanDRO is looking good with higher highs and higher lows. I am a buyer when it pulls back and my Buy Zone is at $0.180, also the POC of the Volume profile and the trendline support. I would wait for bullish price action confirmation in my buy zone to ride the next swing higher.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$DRO:ASX - DRONESHIELD Pattern continuation DroneShield provides protection against drones threatening safety, security and privacy.
Im relatively new to trading and have been looking through penny stocks. From the what I have learned so far I think I have identified a pole and flag pattern. The stock looks to continue its upward trajectory to an estimated $0.53c on the trendlines and predictions for a pole and flag.
As Im relatively new to this I would appreciate some feedback.
$DRO:ASX - DRONESHIELD - Anti Drone Player Have been watching DRO for a couple of days after the destruction of the oil fields by "drones". Figured the whole thing will get the conversation around anti-drone type technology a bit more forward in peoples minds with the budgets so figured it might be worth a look. Basically one big ad for them whether it was actually drones or not. It has had a bit of a pull back off the previous high after the news and the RSI and OBV both look good moving up. Worth a watch.
Current demand: 214 buyers for 3,696,752 units vs 76 sellers for 1,829,863 units
DroneShield Limited is a drone security technology company. The Company is engaged in the development and commercialization of hardware and software acoustic technology for drone detection. It has developed drone detection solution that protects people, organizations and infrastructure from intrusion from drones. The Company's products include Widealert Sensor, Faralert Sensor, Dronegun, Droneshield Baseprocessor, Droneshield User Interface and Dronesentry. The Company helps security force to identify unauthorized drones using real-time alerts and digital evidence collection. The Company's technology uses software and hardware, to detect drones of one kilometer away and alert users in real-time through multiple channels. The Company utilizes audio/acoustic signatures to detect drones. The Company offers solutions for airports, prisons, government, commercial venues, critical infrastructure and executive protection.