Price for DRD is stretched, on the daily cycle price is seeking a cycle high before beginning descent. Looking at the weekly cycle, one might construe that the share is in a new weekly cycle although this can turn out to be week 29 of a continuation of a cycle that began on 28 September 2022. Week 29 coincidentally also features as a weekly high before price descends into weekly low. The breakout of the broadening wedge will likely turn out to be a false breakout.
Trade closed: stop reached
