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23.0¢ western mines group ltd

thank you kindly CSMan, very much appreciated !!

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Bruce72

26,853 Posts.

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20/06/23

10:16

Post #: 68372465
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Originally posted by Cand1eStickMan: ↑

Ok Bruce oh and I have dressed up the chart a bit for your viewing pleasure.
Still using the 50 EMA and WMG finds itself below the line again after the red candles continue. The areas marked in orange are of significant interest. Friday's green spinning top candle on turned out to be only a brief pause before going red again today. The positive being it is the smallest candle in the current downward movement and could still be considered a spinning top so indications that the downward pressure maybe slowing although can't rule out ~0.45. Definitely in oversold territory. Macro forces taking their toll as well.

The areas marked in orange again are of significant interest.
Stochastics agree WMG way oversold confirmed after the crossover highlighted.
RSI below 40 and pointing down indicating a weakness in the market.
And MACD showing SP drifting away from the average ever since the drive to all time highs ~0.98.
As they say... what goes down must go up...at some point.

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thank you kindly CSMan, very much appreciated !!

WMG Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 23.0¢		Change 0.000(0.00%)		Mkt cap ! $19.58M

Open	High	Low	Value	Volume
22.5¢	23.5¢	22.5¢	$45.31K	195.8K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	15310	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.225
1	100000	0.215
2	54750	0.205
2	10000	0.200
1	10000	0.180

Price($)	Vol.	No.
0.230	15310	2
0.255	17044	1
0.260	15000	1
0.270	20000	1
0.285	50000	1

Last trade - 13.04pm 18/09/2024 (20 minute delay)

WMG (ASX) Chart