This shows the correlation between coal price and WHC. what I love about this is how close they mirror each other, for obvious reasons. The craziness of the past couple of years is the first time in the 14 years of data that there has been a wide differing between the two. Things have now pulled back in line.
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What gets me excited and contributed to my recent purchase rationale is the support for WHC & spot off the two major historical highs. Previously there were two very distinct cycles (this allowed me two profit well from the 2020 low), which has now been disrupted and in my opinion opens up for this possibly being a cycle low and the new bottom for coal prices. Only time will tell. GLA.
Target $18.72, page-7409
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Last
$7.56 |
Change
-0.015(0.20%) |
Mkt cap ! $6.387B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.67 | $7.55 | $7.077M | 929.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 32834 | $7.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.56 | 13119 | 25 |
View Market Depth
| Last trade - 11.52am 21/05/2024 (20 minute delay) ? |
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Last
$7.58 |
Change
-0.015 ( 0.35 %) |
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| Open | High | Low | Volume | ||
| $7.63 | $7.67 | $7.55 | 1267796 | ||
| Last updated 12.10pm 21/05/2024 ? | |||||
| WHC (ASX) Chart |