WSI Chart, page-46

Nice chart Gusman and the risk-reward down here just a few measly pips from 2 cents does seem exceptionally good!

I’m very sceptical that Bell Potter and/or Hartleys will sell this down any further... nothing for them to gain selling into strong support at the 2 cent capital raising price.

There were some big sells late last week (possibly the last of Bell Potter?) but nobody looks like they have more to dump so far this week.

There’s an investor presentation coming soon according to the announcement last week and an update with contract wins is probably imminent given it’s been a month.

All the big sells have taken away the enthusiasm and people are reluctant to buy. This can all change pretty quickly though and when people realise it’s not going to drop further we will see a move back up.

The TA sure has work to do but the FA is incredibly strong so it’s just a matter of when, not if, the WSI share price starts to perform.