De.mem (DEM:ASX)
Technical Analysis: De.mem shares rallied strongly since our Initiation in November last year, but has consolidated for most of this year trading in a tight range. We see strong support at $0.265, with the stock struggling to break past $0.31 for a sustained period of time. Recently it was over sold down to $0.24 and had quickly bounced back showing De.mem will continue to range be bound for some time, needed a strong catalyst to break past and hold above $0.30 – its time above $0.30 is only short lived.