I don’t want to give anyone indigestion but such has been the strength of this stock that it could go back to the mid 18s and this would still be seen as nothing more than a healthy correction in a bullish upttend. WA1 has had a long tradition of respecting Fibonacci lines. As far back as last November I noted $18.27 as an important fib checkpoint. But when we got there we saw nothing more than a sideways shuffle for a while before shooting to 23 bucks. Such strength caught me by surprise. However now that mid 18s region represents a 38.2% retrace from the last low to the ATH. It seems to me to be the most logical spot for the next launching pad.
Won’t be complaining if it turns around before then.
wa1 Chart, page-2314
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Last
$17.03 |
Change
-0.060(0.35%) |
Mkt cap ! $1.104B | |||
| Open | High | Low | Value | Volume |
| $17.05 | $17.72 | $16.95 | $2.574M | 148.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 638 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.09 | 1416 | 1 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |