Couple things at first glance mate...
- Based on your Wyckoff logic, it appears WHC is only at the 2nd leg up (effect stage). It has broken the accumulation zone, retested and is still in leg 1 up.
- The daily traded volume is decreasing because shares are being bought back from weak hands (supply soak). Strong holders are not touching it so liquidity is declining. SOI is decreasing daily & a huge extension of the BB scheme is highly likely at the next AGM which will just increase this effect.
- It is very much worth diving into the weeds on the fundamentals of this sector.
However, I do respect that what makes a market is alternative views. Good luck!
Cheers
Couple things at first glance mate...- Based on your Wyckoff...
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Last
$6.84 |
Change
-0.020(0.29%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.89 | $6.78 | $17.75M | 2.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 34333 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 61517 | 28 |
View Market Depth
| Last trade - 15.10pm 11/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |