Draganfly Inc. (DPRO) Stock Performance and Financial HighlightsDraganfly Inc. (DPRO) has experienced significant stock price fluctuations from October 2024 to December 2024. Here’s a summary of its recent performance:
October 2024: The stock opened at $0.88 on October 2, 2024, and traded mostly below $1 throughout the month. The price began to climb towards the end of October due to increased interest and speculation.
November 2024: DPRO's price showed substantial volatility and rapid gains. By November 29, it had surged to close at $4.19, marking a significant percentage increase in a short time. This surge was attributed to market reactions to operational and strategic updates.
December 2024 (up to today): The stock has continued its volatile trading, closing at $3.53 on December 6, after reaching highs near $4. However, the price has seen intra-day swings, reflecting a speculative trading environment
DPRO's performance has been driven by both its operational announcements and general speculative trading in the market.
DPRO trade ideas
Bullish on DronesThe USA has banned the use of all Russian and Chinese drowns. This is the wait that we have all endured now. With stocks like Dragonfly and drone Delivery Canada... its a perfect opportunity to generate revenue and have a stronger position in the markets in North America. I expect this stock will reach and brake $1 by mid March beginning of April. This is just my feeling and prediction.
DPRO - Strong BreakoutDPRO has broken out of a down channel very strongly
This is a good sign for the bulls
I expect price to break down to the horizontal green line and then continue upwards, allowing the breakdown of the broadening ascending wedge structure
This breakdown will be short lived and price should continue upwards as the trend has reversed
DRAGANFLY (DFLY, DFLYF, 3U8) BOUNCE UPDRAGANFLY has been going down for the last months, more than 50% downghll. The growth was over-extended. In my opinion, it is now looking for a confort zone that will take the stock to de 200MA. This will also be supported by previous support levels and perfect fundamentals. This will happen, in my opinion, around the 29th of April. Have a nice day!