DroneShield (DRO) Powers to new highs
DroneShield (DRO) was trading over +19% higher on Monday, posting fresh all-time highs, as defence stocks across Asia traded higher. President Trump fired up the sector after saying that NATO nations should shoot down Russian aircraft that violated their airspace.
- Defence stocks across the region soared higher from Japan to South Korea and Taiwan.
This remains a “Hot sector” with the path of least resistance clearly on the upside even though shorts have been slowly building in the stock through September.
- We like DRO but the risk/reward has diminished over the last fortnight.
MM is cautiously bullish towards DRO
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