WKT 0.00% 13.0¢ walkabout resources ltd

Charting 2.0, page-39

  1. 2,706 Posts.
    lightbulb Created with Sketch. 1105
    All stocks like that Max, not just WKT. I mean he who throws the first stone right? Why would one want to come and down ramp on something they don't own? I dont get it, not sure anyone will. Buy in and our at your own risk I guess. Entirely up to you, but the folks on any stock are going to grumble if you go negative on them, me included.

    Anyway, few things re the TA:
    I see where you're coming from, makes sense. I use a much much simpler support resistance model, the 5 point wave and so forth is getting a bit too complicated for me and it never worked for me personally. it's called : Analysis paralysis ? so I cant go too complicated, I tend to get things wrong.

    For now, can you see how the chart is moving sideways ? to me this is in consolidation mode.

    https://hotcopper.com.au/data/attachments/1633/1633070-2111e744ffec84b088e5c27990d70ffa.jpg

    I actually see the low volume to indicate that we do not have a whole lot of sellers willing to sell this down, supply is very low, which is a big positive. Judging the buyer's side is a bit redundant, as there will always be buyers at a lower price. We are seeing some capping here, from @sirrobbo recent post with the broker report, we see that Pattersons is still the largest seller here. Sure hope we see the last of these dudes, they have been nothing but trouble on any of the stocks. I bet once these dudes stop we are going to be on our merry way. Anyway, let's see how this plays out over the next few weeks.

    AIMO


    Last edited by bushmaster: 10/07/19
 
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