Personally won't be committing any capital to WHC at this time. I am curious to see their next production update in July, perhaps I will get on board after that - I don't gamble on earnings.
I'm a fan of multiple signals indicating the same / similar trajectory. Looking at the daily chart above, you can see that each time the price has become extended from the EMA10 (during 2024), it has a subsequent retrace. I would expect to see that happen again following this move, as the weekly chart shows the stock is very much trading in a range bound environment.
Volume is telling on this move, being quite low (obviously the volume this week is low, it is Monday after all). Today's closing price will be very interesting.
But honestly, US jobs report Friday and the Federal reserve meeting in about 9 days time is keeping me out of everything at the moment.
Weekly chart:
Resistance was $8...Now $8 is support, page-6
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 (20min delay)
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Last
$5.63 |
Change
-0.100(1.75%) |
Mkt cap ! $4.659B | |||
| Open | High | Low | Value | Volume |
| $5.77 | $5.79 | $5.53 | $42.54M | 7.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 52154 | $5.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.64 | 63847 | 34 |
View Market Depth
| Last trade - 15.58pm 10/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |