An update on this chart refer to my previous post.
Looks like we could be nearing the end of wave 4 on Elliot wave theory price wicked down to the 50sma finding support.
If we see an exploration update this could act as a good base to send it into the fifth wave which could push into $3 a share.
If price continues to fall major support would be $1.59 which is the wave 1 high if wr1 goes below this then the Elliot wave is invalidated.
Note, I suggested the 50 ema in my previous post which is slightly lower at $1.84 so this target is still in play yet the 50 sma has held for now.
Fundamentally speaking we're looking very good alot of boxes being ticked here just have to wait this out and the the price do its thing.
Gltah cheers
[ATTACH] An update on this chart refer to my previous post....
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Last
75.0¢ |
Change
0.020(2.74%) |
Mkt cap ! $161.3M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 75.5¢ | 71.5¢ | $310.8K | 423.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20110 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 11996 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |