I see your valid points there. It is tricky TA point which is very common in giving mixed signals in range trading. I think WC8 is in a complex zig zag Wave 4 here. Can I ask for what the reason you choose to use EMA9 rather than EMA5?
I got CHN chart as an example RSI and price divergence gives false signal:
I am remaining quite bullish from observation. I would like to see EMAs keep rising and price holding up well against any sell down. I would like to see ATH coming soon (next week maybe). Valuation now sitting at mid point I think the bull waits to see further drilling results, any upticks from here will give some hints of the upside.
Chart, page-66
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Last
34.3¢ |
Change
-0.018(4.86%) |
Mkt cap ! $424.0M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.0¢ | 34.3¢ | $674.4K | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 234760 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 178082 | 12 |
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| Last trade - 11.19am 21/10/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |