WME 11.5% 14.5¢ west australian metals ltd

where is the love, page-8

  1. 3,413 Posts.
    gallaghmc,

    Terrific posts, some of the best I've read! Thanks

    Although I've not presently got a position in WME (stop loss triggered) & indeed I've not had an interest as long as yourself I am beginning to have doubts... I checked the chart this evening & although I can't post a chart on to HC I'll endeavour to provide a written explantion.

    For starters WME's SP is most certainly in a downtrend at present & has been since about the 9th of June in fact.

    There is established support at 0.125 however should this be broken then the SP is perhaps looking at 0.10 as the next established support which in fact fits in with the current trendline. Now I hope this doesn't actually play out because as tempting as it would be to see it as bargain buying I watched AXM in recent times which has a downtrend that kept going & going....

    Watching with interest, good luck all

    CLM
 
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