Interesting that people consider large investors having pulled out of WCL.
The very small volumes over the past 5 or so months hardly draws any conclusion that there is anything but a sizeable exit from the stock and there looks to be pretty reasonable support for the share price.
The recent dip and test below the line has seen it return to a pretty healthy point fairly quickly. I guess we will see what really happens over the next month and if this breaks to the downside or moves up. I think it will move back up again. Too quiet for too long and the music says that MPO deal will be thru in about 8 weeks time, so there will be a positive tune in the air.
Cheers,
SF
SF
WCL Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
