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DMI on your mark, get set, go!

ASX:DMI   None
2018.08.06 TA Report
Aussie Market Buy/Sell ratio = 0.40
Buys: 197 (9.6%)
Sells: 489 (23.8%)
Hold: 1371 (66.7%)

Let's see previous 5 days relative timing values by VectorVest on this stock:

06-Aug = 1.15
03-Aug = 1.04
02-Aug = 0.98
01-Aug = 1.15
31-Jul = 1.14

DMI.AX has a current Value of $0.02 per share, which is overvalued compared to its Price of $0.29 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.

RT analyzes a stock's price trend. DMI.AX has a Relative Timing of 1.15, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.


Today’s insights
Dempsey Minerals Limited, a mineral and oil 0.87% exploration company, acquires, explores, and evaluates mineral projects. It explores for lithium, tin, and tantalum deposits.

DMI has been over beaten. We can see there is a second Hidden Bullish Divergence on Stochastic (14,3,3) forming right now. Will there also be a chance for a Hidden Bullish Divergence on MACD ? Still early to say so.
Today’s strong hammer candlestick lifted the stock up 7.4%, and hit back the 50% level of Fib. Retracement. We need one more candlestick to confirm the bullish reversal. The current price just closed a bit above SMA (40), and we need to be patient to see if it will close above EMA (20) tomorrow.
On the other hand, the current price action may form the right shoulder of a H&S pattern. The vertex of the right shoulder can be projected by Ichimoku’s kijun-sen and the parallel trend lines on the right bottom chart.
Please keep an eye close for a 20% gain in couple of days.

Aug 08
Comment: Inverted Hammer on 7th, the shadow has hit 38.2%
Dark Cloud Cover on 8th
The right shoulder has already formed.
Aug 20
Comment: "DMI" is not the current code for this company. The new code is "GLN".
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