WR1 4.11% 70.0¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-353

  1. 2,993 Posts.
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    Bon après-midi

    My chart below is telling me to sell, but my sentiment is to hold for an upturn.
    What reasons are there for the SP not to continue down ?

    Those with a magnifying glass may be able to detect a recent reducing rate of decline in the moving average.
    I hope that means an upturn is getting closer, with now a declining opportunity to sell now and buy lower.
    I've been selling other positions for cash (macro market issues)
    Am I right to accept the risk of short term loss in WR1 ?
    Given the potential for gains to follow soon?

    The green line is a smoothed moving average ... with actual prices volatile above and below the green median.
    Any questions regarding this methodology ... and suggestions when an upturn might occur ???

    https://hotcopper.com.au/data/attachments/5134/5134384-7b1b66f65f8dd7d1ab538a612cc90a3d.jpg



 
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Last
70.0¢
Change
-0.030(4.11%)
Mkt cap ! $151.4M
Open High Low Value Volume
73.0¢ 73.0¢ 69.5¢ $296.1K 418.7K

Buyers (Bids)

No. Vol. Price($)
2 17557 69.5¢
 

Sellers (Offers)

Price($) Vol. No.
70.0¢ 5036 9
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Last trade - 14.13pm 15/07/2024 (20 minute delay) ?
WR1 (ASX) Chart
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