it takes many different views to establish a healthy market
I can see this current bounce moving the shares up to a range of 60 - 64 in the coming weeks (ideally closing above 60 by May end above the MA line) where it will then hit resistance/profit taking
The daily chart clearly established a nice strong double bottom at that 46 cent levels as the platform for that bounce.
In my opinion, WC8 will need some material positive news coming into June/July period to maintain a forward momentum.
Chart, page-725
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $368.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.5¢ | $642.8K | 2.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 127110 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 398969 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |