The HOURLY lr chart from the $2.52c. sp high on 31/01/23 to the $1.185c. sp low on 26/04/23, generated an UPPER channel range of 49c., and a LOWER channel range of 36c.
From 26/04/23, key up side TP's/horizontal RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature...and will be (generally) MULTIPLES of that 49c. range , including range mid points.
As to the key down side TP's/horizontal SUPPORT tests are also forward looking, PREDICTIVE in nature ...and will be (generally) MULTIPLES of that 36c. range, including range mid points.
FWIW...counter trend rallies are generally TERMINATED at an rmp level , currently $1.52c. ......prior to gravitating to the next (lower) key support level ....$1.27c.
$1.09c. is the next key rmp support level .
Cheers
WR1 Chart Discussion, page-12
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
63.5¢ |
Change
0.030(4.96%) |
Mkt cap ! $130.8M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 63.5¢ | 59.5¢ | $182.1K | 298.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1397 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 11.54am 22/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |