From the 28 September 2022 low of 864 zac, DRD has rallied almost 80%.
The share does seem to be tracing out an impulse move with wave (iii) still intact but overly extended relative to wave (i).
At this juncture, it is not wise to buy in hope of further upside.
If the impulse outlook is correct, we can expect a correction or consolidation for wave (iv) before the uptrend resumes.
The share does seem to be tracing out an impulse move with wave (iii) still intact but overly extended relative to wave (i).
At this juncture, it is not wise to buy in hope of further upside.
If the impulse outlook is correct, we can expect a correction or consolidation for wave (iv) before the uptrend resumes.
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