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16/05/17

18:36

Post #: 24725829
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Originally posted by Samboy69 ↑

WSA has a trading range 2.00-5.00, done it several times.
Now we know CBA has been buying WSA shares in low $2 -2.50, +3M shares accumulated mainly from colonial first state, was selling in jan above $3 and now buying at an accelerated pace under $2.50.

What does CBA know that we don't?
If CBA, Aust largest bank, is buying WSA why aren't we all & why is it so quiet on here? You guys are more interested in Phillipines than WSA production and costs and milling capacity constraints, Pacquiao v Deterte, let em box it out!
Looks like its trying to find a floor 2.20-1.90 just like last time
WSA has moved 2-5 -2 - 5 and back again several times over the last few years and looks like CBA has picked this trend and is buying more heavily in WSA yet again despite the price of nickel.

Buying time is near here imho, lets see if 2.00 and 1.90 can be cracked or if CBA and others start buying the dregs down here and accumulating the capitulators like last time it was at 1.90-2.10.

Buy 2.00 sell 5.00 seems to be the annual trend here. Lets wait & see if it can be dropped some more or we buy on the uptrend after the downtrend is broken and floored for good.
My prediction - WSA flattens out around 2.00
Nickle price starts rising back to 5.00
Deterte wins the boxing match

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Cool story bro

WSA Price at posting: $2.13 Sentiment: Hold Disclosure: Held
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0 Great analysis

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Cool story bro

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