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$15.06 wa1 resources ltd

makes sense. But this isn't a muted response... this seems like...

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rolf2903

11,353 Posts.

1610

11/12/23

11:18

Post #: 71380585
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Originally posted by NineLives: ↑

I would liken the response today to that we saw in the middle of the year when we had some good results and had similar muted responses of the SP. Then as now the share price was technically ( and I stress ONLY technically) still over bought. Then as now the SP was still above the 50 day ema and only once it had come back to the 50 could more good news lift it to the next level. Then we had the likes of 2ic and mustwin spreading doubt as the rocket failed to launch. Likewise now we have a new breed of Johnny come lately naysayers telling us the same thing because the SP did not respond to excellent news. I think in time today’s peak will be viewed as a minor top in a double bottom pattern. But the second bottom will coincide with the rising 50 day ema.

So I think the next news will take us to the next level and this crop of naysayers will disappear only to be replaced by a new crop when the SP hits circa $18.

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makes sense. But this isn't a muted response... this seems like a complete attack by the sellers. It is remarkable to watch. It has fallen 17% since open under heavy selling. Truly astonishing

WA1 Price at posting: $8.28 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $15.06		Change -1.250(7.66%)		Mkt cap ! $976.8M

Open	High	Low	Value	Volume
$16.10	$16.10	$15.06	$6.354M	415.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1500	$15.05

Sellers (Offers)

Price($)	Vol.	No.
$15.10	200	1

View Market Depth

No.	Vol.	Price($)
1	1500	15.050
1	200	15.030
2	700	15.020
5	4361	15.010
8	10402	15.000

Price($)	Vol.	No.
15.100	200	1
15.200	3000	1
15.240	300	1
15.300	998	3
15.360	5000	1

Last trade - 16.10pm 25/07/2024 (20 minute delay)

WA1 (ASX) Chart