WKT

4.76%

11.0¢ walkabout resources ltd

Ann: Development progress - Lindi Jumbo project, page-1214

First 1214 Last

Share
Profile

Follow
Croc-file

8,408 Posts.

6914

18/07/23

22:39

Post #: 68853906
Share

Originally posted by slick: ↑

@Croc-file

Hey there Croc, bit going on over here eh?

Strewth, just clicked onto the chart and whamo, there's been some pumping.

So when I put the news events indicator on you can see that the SP never really reacted immediately to the news on the 4th of July regarding a 20mill debt facility. But 6 days later there's a strong breakout. Indicates to me that there has been an orchestrated pump to free up some capital. I mean just look at the low volumes on the 3 breakout candles untill the "blow off top" candle yesterday when the sellers piled in.
You will note that RSI hit 80 as well so nicely overbought.

What happened to the just going up nicely Croc and leaving no gaps, now there's heaps of them.
Nah seriously, often when a stock rerates it leaves a decent gap known as a breakaway gap and can be forgotten about as it never fills. But in this instance, the gaps didn't start emerging until days after the news which is odd behaviour.

Anyway, enough of the why's and how's, where is it going from here?

Man that "gravestone dojo" candle on Monday (circled below) was the biggest sell signal I've seen in a while. The opening auction today would have had them piling in to close out.

So after a spike like this one we can only now look for respected retrace levels and many use Fib racks for that which I've added but I need to say that IMO I'm not sure of their accuracy on micro-caps with such low liquidity. However the 62% Fib is the Fibonacci golden number of retracements and you're already just about there looking at below chart.
But I'm sorry but I would be surprised to see the SP come right back to the breakout level of .105. I know that's not what you want to hear but because of the nature of the rise and it's peculiarities as explained above I'd have little confidence in the 62Fib holding. Gees I hope I'm wrong and you guys can give it to me.

So, this post won't be popular as it's not telling you what you want to here but I'm just posting what I'm seeing. Hopefully there's plenty of folks who liquidated at the highs and can get back in far lower keeping the difference.

All the best guys.

Cheers

Expand

Sorry slick, I didn't realise you tapped into Pattersons Coffee...It's more like the down ramps thread as the non-holders build in numbers..

Desperate times for them, as the realisation sets in Lindi is fully funded and the drawdown confirmed...

World Class project underpinned by expandables markets...

A refresher from the ADU presentation...

Regards Croc

Regards Croc

Last edited by Croc-file: 18/07/23

WKT Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

EMD

Emyria's Empax Centre chosen for mental health clinical trial

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

STX

Strike Energy secures $153 million for Perth Basin gas projects

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

FHE

Frontier Energy achieves key milestone for Waroona energy project

There are more pages in this discussion • 666 more messages in this thread...

First 1214 Last

Add WKT (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $73.83M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.0¢	$30.42K	288.2K

Buyers (Bids)

No.	Vol.	Price($)
1	727	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	49817	1

View Market Depth

No.	Vol.	Price($)
1	727	0.105
11	572992	0.100
3	151640	0.099
1	200000	0.098
1	100000	0.096

Price($)	Vol.	No.
0.110	49817	1
0.115	17391	1
0.120	408663	8
0.125	688059	12
0.130	401065	10

Last trade - 16.10pm 21/06/2024 (20 minute delay)

WKT (ASX) Chart

Ann: Development progress - Lindi Jumbo project, page-1214

Emyria's Empax Centre chosen for mental health clinical trial

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Cultural heritage agreement puts Walford Creek exploration back on the map

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Frontier Energy achieves key milestone for Waroona energy project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Development progress - Lindi Jumbo project, page-1214

Top Stories

Emyria's Empax Centre chosen for mental health clinical trial

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Cultural heritage agreement puts Walford Creek exploration back on the map

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Frontier Energy achieves key milestone for Waroona energy project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News