WSA 0.00% $3.86 western areas limited

Burn, page-49

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    Looks like a dragonfly higher green bar . 5c wick 2c body 8c tail
    The tail wag is long and means the sellers were smashed to bits. very bullish candle today in an ascending chart normally means more bullruns are coming
    Shorts gave it an almighty attempt today to stop this bull run but failed,
    they were selling at 2.90-2.88 down to 2.80 in 45 minutes but then got hit with a massive buying spree by other institutions closing it at 2.87, even the close was bought up from 2.85 to 2.87 in 15 minutes.

    sell at 2.89 cover buy at 2.84/2.85, but you have only 20 minutes to decide to buy or back to 2.87 making 2-3c on the short trade, getting very risky here for shorters and its Macq that are letting these daring millionaires try this on but its not working since July, they are trying to pick a top and then hammer it down but only gives them 30 minutes or so before the buyers flood back in so many will be going long sooner or later as their capital and profit evaporate in thin air

    The many shorts who got in over $3 - $3.30 at the annual highs will be very very worried and see the steamroller on its way right at them and may switch sides before they end up with nothing but losses.

    Burn you mother shorters
 
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