WA8 1.69% 5.8¢ warriedar resources limited

What hype lol?It's been a dog shit investment for the last 12...

  1. 4,312 Posts.
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    What hype lol?
    It's been a dog shit investment for the last 12 months.
    Seemed more like contrarian investors entering due to smelling a bargain than hype (speaking for myself here of course). It ticked plenty of the boxes that need to be ticked for an explorer to succeed.
    Lots of risk in the explorer space but where there's risk there's reward.


    Invariably when a stock has been free falling for months on end you get extra selling pressure on the bounces as stuck holders try and escape what they perceive to be a dog investment.



    Chart still looking good IMHO.
    Building a nice base with an inverted head and shoulders pattern appearing.
    Vol falling on the pullback.
    I'd be interested to hear your thoughts on this one @BullishBearish

    https://hotcopper.com.au/data/attachments/6200/6200792-e3b13fd8242702cc64bee608a6d8c4e2.jpg



    Last edited by Joelstar: 27/05/24
 
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