WFL 0.00% 0.3¢ wellfully limited

strong close , page-4

  1. 1,827 Posts.
    Autosime,

    I'm not a TA guru either but it is pretty safe to say that we are seeing some accumulation around this 8 - 9 cent rage. Everyone has their own trading strategy from short , medium, long term perspectives which means they were will be a diverse new mix of holders/traders from this level. The long-term buyers at this level will be buying now as others on HC have mentioned P&G material agreement has de-risked OBJ, yet not fully enough to get the broader market hooked on this yet to send the share price through the roof. As for the short to medium term investors any positive announcement from Coty, etc. will push this back above 10 cents, maybe even before that with people buying the rumor IMO. It only has to rise to between 12.5cents and 18 cents from current levels and that is an easy 50% to 100% profit. Not bad IMO considering many of the possible upcoming events mentioned in that forward looking statement.
 
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