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$3.86 western areas limited

Nice post. Who's the advisory firm out of interest? If you can...

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finchley

242 Posts.

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17/02/19

21:47

Post #: 37464835
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Originally posted by Stage-2-Uptrend: ↑

WSA last reached a high of $3.93 back in April 19, 2018. The signal to get out for shorter-term traders was when price broke below the rising straight trend-line around $3.30 in July, 2018. The final signal for investors to sell was when the shorter-term red line crossed below the longer-term black line. Once the exit is accomplished, the trader goes looking for other buy opportunities. Any fundamental or media new relating to WSA is ignored. After selling, when the trend continues south, the trader stays out. This is non negotiable.

After trading at a low of $1.835 on Jan 4, 2019, WSA has trended back up again. The shorter-term and longer-term lines have turned up. Just as important is WSA price trading above the rising MA lines. The final confirmation for investors is when the red line crosses above the black line.

A technical stock advisory firm I subscribe to have a $2.40 chart entry trigger level for WSA that was triggered this week. They work on once a week entry signals, hence WSA will be bought next Monday.

See daily WSA chart below showing EMA lines.

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Nice post.
Who's the advisory firm out of interest? If you can share that is.

WSA Price at posting: $2.44 Sentiment: Buy Disclosure: Held
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0 Great analysis

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