After months of consolidation, DPRO began to show signs of life. The stock retraced its 50WMA, which broke through the long-term bull flag, and began to build momentum.

With drone and defense stocks attracting increased attention, I’m watching this closely for its continuation.

Next, we want to see more upside, ideally followed by a retracement to the 0.236 Fibonacci level to confirm this as support. If this level holds, the stock may be in a position to push towards a higher high. A move above the green line followed by a successful support test should help maintain the bullish structure in the short term.

Source link