DMP had been a stellar performer before losing over 60% of its value over the past 9 months. It has bounced up of a long term support line (blue dashed line) and broken above that long downtrend for 2 and most likely 3 consecutive weeks. Coming of a significant low it can hopefully rebuild its share value and given that this recent uptick in price has come at a time of falling consumer confidence (when one might expect it to be going the other way) this perhaps augers well for a recovery.

DMP 7Jul22

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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