Yes looks gloomy short term if .048 doesnt provide a bounce, really testing the upside bullish channel. Although has pierced you will sometimes find some strong buying come in at these points so still could bounce but have my doubts as looks as if being sold off by accumulation indicators.
This stock has responded well to Fib retraces in the past, so looking for a key reversal on any of these lines may provide a reasonable entry.
chart 23 march, page-4
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| WFL (ASX) Chart |
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