Paschal, what does your chart tell you about wmt atm.
I think it is in a consolidation/manipulation stage & will steadily gain ground over the next 2/3 weeks. Hope you can support my theory with some TA. High of 46c , retraced about 50% now we are in the balance as to wether it continues north with some news to back it up or will decline on no news & current shareholders getting nervous & selling. Keep in mind that all stocks worth their salt have there price swings , just have a look at any decent chart , so you would have to think that wmt has reached its bottom & is now on its way up. Also if you have a look at wmt chart you will notice that the step downs in price are becoming shorter in time eg.23/4/07- 23/5/07 high of 46c-335c( 1 month )
23/5/07- 15/6/07 high of 335c-27c ( 3 weeks ) next step is 15/6/07-currently 22/6/07 which is 1 week it will be very interesting to see what unfolds over the next 2/3 weeks.( If I could post a chart I would be able to explain it much simpler ) Any way its just a theory of mine.
cheers Tbull.
- Forums
- ASX - By Stock
- WMT
- paschal whats your chart say
WMT
western metals limited
paschal whats your chart say
-
-
- There are more pages in this discussion • 43 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 WMT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online