Source: Clive Maund 04/28/2022
Does Australian-born DroneShield Ltd. show promise for stockholders? Clive Maund reviews the newest updates with the company.
DroneShield Ltd. (DRO:ASX; DRSHF:OTC) is an Australian drone stock that is thought to have big upside potential for reasons that will become readily apparent when you view this video. Should DroneShield Ltd. obtain a listing on the US NYSE or NASDAQ market, which seems likely before much longer, it will generate a lot more interest from US investors that would be expected to drive the stock much higher, although even without that trading volumes have been improving significantly in the current OTC traded stock.
On the 1-year chart we can see that we are chasing this one somewhat here as it has been in an uptrend for about 3 weeks but the reasons that it is considered worth doing so become apparent on the 6-year chart shown further down the page and also include the stellar outlook for the sector coupled with the positive fundamentals for the company, most notably its unique Dronegun Tactical product that we looked at above.
DroneShield Ltd., DRO.ASX, DRSHF on OTC, closed at A$0.23, $0.16 on 19th April 22.
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Originally posted on CliveMaund.com on April 19, 2022.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers, and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
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As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of DroneShield Ltd., a company mentioned in this article.