WAK 5.77% 4.9¢ wa kaolin limited

IPO - WA Kaolin Limited, page-403

  1. 441 Posts.
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    If i've understood you correctly you bought in yesterday around 0.18?

    If so that's not a bad entry at all, you can either draw Fib Retracements from candle body to candle body or wick to wick, but in this instance, the body to body looks more insightful...

    This would suggest that the initial resistance was around 0.1850, then 0.2060 then 0.2200 at 50%, which is traditionally a strong level.

    As you can see, the top of our recent breakout touched 0.2200 and if we can hold above 0.1850 then it becomes support for the next move up.

    Good luck anyway, i'm in for the long haul here, a great opportunity in my opinion.

    https://hotcopper.com.au/data/attachments/2926/2926241-87e75636359aaddbe9e501eda2c20afd.jpg

    Last edited by GooseMcghee: 19/02/21
 
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