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What Is DroneShield’s (ASX:DRO) Chart Saying on a US Kit Tender?

What Is DroneShield’s (ASX:DRO) Chart Saying on a US Kit Tender?

Highlights

  • A US Air Force contracting unit in Texas has sought quotes this week for accessories tied to a DroneShield rapid response kit. As DroneShield continues operating within the ASX 200, growing attention is also being directed towards ASX Technical Analysis as companies across the sector navigate changing market conditions.
  • DroneShield sits among the stocks drawing attention in ASX news today as the ASX 200 index sets the tone.
  • The shares have been basing in a tight band since a sharp reversal day lifted them off a fresh yearly low last week.
  • Price still trades beneath every major moving average, so the longer-term trend has not yet changed…

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