The day of the pop was after the night when the first vaccine approval was announced. The price of oil had rocketed that night as well. All the reopening sectors went 'pop'- energy- REIT- banks- mining contractors etc etc
Since then vaccine rollouts have disappointed and oiler SPs have become disconnected from the price of oil.
There you go- synopsis of 10 months of the WPL SP.
The recent rise in the SP may be the new dawn in the glorious march of destiny and $30+ etc etc. Or, it might be just another dead cat bounce in a prolonged falling knife routine.
Early days yet.
IMHO DYOR
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Open | High | Low | Value | Volume |
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17 | 12638 | 24.010 |
180 | 68235 | 24.000 |
10 | 8486 | 23.990 |
10 | 18477 | 23.980 |
Price($) | Vol. | No. |
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24.140 | 24444 | 1 |
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