WTM 5.88% 24.0¢ waratah minerals limited

not alot new to say, we've commenced this flag/pennant move i've...

  1. 15,747 Posts.
    lightbulb Created with Sketch. 453
    not alot new to say, we've commenced this flag/pennant move i've mentioned before, next target is 19c
    MEasdasdTALS OF AFRICA LIMITED.png

    but just a small detail, using an Accumulation/Distribution indicator, there were signs over the last week that the upward move might have been a false break, i've circled the area in question where price was moving up but there was a divergence on the indicator.
    Anyway, today we got a convergence again, with the indicator turning up to match the shareprice, suggesting that this is a legitimate uptrend re-commencing now as opposed to a false move. In plainspeak, the bulls are taking charge here again. This was further backed by the fact that you could actually see the sellers at 14c dropping their orders today - in other words the sellers are capitulating and opening up a clear path forward.

    METALS OsdfagrF AFRICA LIMITED.png
 
watchlist Created with Sketch. Add WTM (ASX) to my watchlist
(20min delay)
Last
24.0¢
Change
-0.015(5.88%)
Mkt cap ! $43.04M
Open High Low Value Volume
25.5¢ 25.5¢ 22.5¢ $534.1K 2.252M

Buyers (Bids)

No. Vol. Price($)
1 142801 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 30202 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
WTM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.