Hola,
As many have mentioned, we look to be currently in a consolidation period, at or around the previous gapfill area of $1.85-$1.97 (See my previous post that I've quoted). This looks to be similar to the period we sustained back in early September before our run up to our ATH. So someone doesn't try to call me out, I am not alluding to the idea that we will immediately return to our ATH. I am saying that if we continue to see this sustained level of consolidation, with a level of additional news/announcements, tailwinds etc, we may have potentially be seeing the bottom being priced into the chart. The low volume during this current period also suggests this. Lets see how it pans out. I've noticed a lof of those fearmongering bears have fled the forums as they've probably cashed in on their shorts and moved onto the next stock meaning we can get on with business as usual.
Bring on those December sales! Lot still to play for in the defence/civilian sectors and the social media posts certainly suggest that we are continuing to build partnerships and collaborations with global leaders. The more and more I hear about this potential U.S Fifa world cup partnership in recent articles posted here, the more I get excited about what that could do for our future civilian contracts!
Imo not long to go until we see sp momentum and a clear direction where the short-medium term price action is headed. Being a strong bull advocate for Droneshield I hope in the northward direction!
Hopefully the session from Oleg today can provide some further clarification to old, new and potential shareholders on the vision of DRO.
Daily Chart:
Hourly Chart:
LETS GO DRO!
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