This is one of the few goldies that is showing a positive chart characteristic this past few weeks. Maybe is is because there are more institutional buying after the addition to the spx 200. Or maybe investors are starting to believe they are getting their act together after a tear of underperformance. The last quaterly report seemed to be suggesting that they are beginning to build cash.
Whatever it is the weekly chart is suggesting a rising flag is forming which can be very bullish or bearish depending on which diartist you speak to. As for me I am taking the bullish side as suggested by the monthly chart.
breakout chart, page-9
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Last
$2.65 |
Change
0.100(3.92%) |
Mkt cap ! $1.256B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.65 | $2.60 | $8.481M | 3.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8689 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 7872 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |