Morning trading June 3, page-374

  1. 2,038 Posts.
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    REZ backers and callers, well done. It's on its run raking in the dollarydoos! biggrin.png Well done to DXN holders, I missed my entry, so missed the trade.

    WCN, line wiping going on. Churn churn...

    It's a great day (like shooting fish in a barrel), but, been watching and acquiring WCN more and more. RTG about to break Fib (WCN hold 10M shares of RTG). The volume on this little engine is HUGE, it still hasn't factored the RTG price spike. Cashed up small cap, almost fully backed. Table Top Paterson results due, and sharp management. I can't go past the fundamentals, and the upside for the re-rate is looking like 100% scope to run.

    On the chart, 50MA is about to cross the 200MA on the daily, every other signal is gold (MACD, smashed through the Bollingers), and even the Ichimoku is looking great! (Above the cloud!!) In the last two days it's breaking out of a trend that goes all the way back to 2016!

    So, I think this is the next cash gun runner. And, it's a goer for this afternoon if it breaks into 11c. In my view it won't run to 2c, it is going to run past it into the mid 2.5c as this is a delayed and much needed re-rate run to value. Stop out at 1.6c though, I don't mind. I'm holding...

    Trade the trade, make bank. Thanks to those legend who pointed it out!
    WCN. biggrin.png
    https://hotcopper.com.au/data/attachments/2200/2200538-4d32cdd2187ed67beec02f580a28bcc2.jpg
 
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