The other day when i bought more at $1.09 it looked like we were going to put the low in and power up again as she touched $1.135 which clearly did not hold. Interestingly 92.5c was last friday's intra day low and yesterdays low as well. We have a couple of technical support zones with 92.5c being one of them, if that breaks and the market is in a bad mood we could see that 50% fibonacci support line come into play which is 79c from the $1.58 high(I can already feel the couple of bed wetters pelting eggs at me for saying that) Hard to see that happening but with the sector out of favor its certainly a possibility and as one bed wetter always says " We must always have a contingency plan". My contingency plan is increase my position by 33%.
The good news is that volumes again seem to be slowing down which is a good indicator the selling may be subsiding, all technical bounces so far have failed, we gotta be getting close to that bottom
WR1 General Discussion, page-3789
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Last
73.0¢ |
Change
0.055(8.15%) |
Mkt cap ! $157.9M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 75.0¢ | 67.5¢ | $639.2K | 889.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36699 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 1967 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |