WME
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11.5% 14.5¢ west australian metals ltd

Looks kinda dangerous to me. The last 3 days price action...

  1. Johno247
    14,914 Posts.
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    21/09/09
    00:59
    Post #: 5668530
    Looks kinda dangerous to me. The last 3 days price action resembles that of a bear flag. Also note how the volume increased significantly after it dropped through the 200 EMA with that large red candle.

    Recent momemtum indiactors are supporting more downside and Acc/Dis is showing severe negative divergence even within the last 3 days. I could be wrong and I have seen stocks bottom from here, but I would be carefull.
    WME Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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