17/01/2026
Droneshield (DRO.ASX) getting ready for a long run it seems. This is weekly chart.
1. DRO has closed above gann 50% this week. This is a good sign and expect this up trend to continue with this.
2. Very good volume last few weeks.
3. Fast line (blue) and slow line (orange) heading up in Stoch RSI.
4. RSI also moving up.
Next resistance area will be around $ 6.50 where previous rejection occurred. Keep an eye on white line I drawn in RSI chart. Price may get a rejection once RSI hit that line.
* Please do your own research if you wish to purchase this stock. This is for education purpose only.
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