When the Appendix was issued WHA opened at 90.5cents and fell to 75.5c low. Closed at 82cents.
I mentioned that if WHA could close above 90.5cents last Thursday this shows a very bullish sign.
WHA has done it today. Two days late but a very good sign. Hoping it closes at or above 97.5 (this was the closing price last Wednesday when the selling began as people got confirmation that the Appendix was coming out the next day)
On a short term technical there is a good chance that WHA will rebound back over $1. If there is good news it will go above $1.10 recent high. If there is more good news or a series of good news then the share price could move to $1.50-$2 range.
The 2 acquisition (Blend and Pac and Organic Dairy Farmers) fundamentally is a lot bigger than people think. To me this is the foundation that was needed to show the market that Wattle in the long term will have the vertical integration to expand.
WHA Price at posting:
92.5¢ Sentiment: None Disclosure: Held
