Boy you were wrong there @ezirida
Ni smashed down, AUSD$ down USD$ up
WSA down after a shorting breakfast and early dinner
5c red bar with 2c tail, bearish pattern but this ledge at 2.63 has now been broken down and the shorters may smell weakness and attack this down sharply tmrw to next support at 2.45/2.55
That mountain peak at 2.90 on 8 September is looking very far away now and the clear top sell point. a 45% return from 2.00 now looks a wise move if you could catch that move.
As I said last few days, a few M shares shorted or sold could easily smack this down to base level as the volume is so light. Once the bear trend is definite expect the shorters to restart there cut and smash moves yet again with higher volume as it looks like they already have.
Last time when Ni was at 4.96, WSA was at 2.35, that was on the way up so the retrace bear reversal trend looks like continuing until Ni can stabilise somewhere.
Looking like a smashing tmrw morning as WSA is now below this ledge of 2.63 and looks headed to 2.45 or lower now. Sorry but thats what it looks like.
Good call by @kathy100 to sell at highs over 2.75.
WSA Price at posting:
$2.59 Sentiment: None Disclosure: Not Held
