looks like WOW is doing a BHP. both have massive head and shoulders patterns.....but both are strong companies.
people laughed when it was suggested a couple of months ago that BHP was headed for $24....they laughed harder when it rallied back above the neckline towards $40. The bears started doubting themselves with good reason.
The bhp bulls weren't laughing last week when it was around $27
WOW broke it's neckline and in the tradition of BHP rallied back hard.....but last weeks crash has now seen it back below the neckline. Subsequently it has rallied hard with everything else in the world......but it is not holding. It is red on the greenest day you could imagine.....and back below the neckline.
Now this is no more than a theoretical target but Head and shoulders theory tells us the target for wow is now $17
looks like WOW is doing a BHP. both have massive head and...
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Last
$34.64 |
Change
0.290(0.84%) |
Mkt cap ! $42.31B | |||
| Open | High | Low | Value | Volume |
| $34.34 | $34.78 | $34.31 | $68.58M | 1.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8112 | $34.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.65 | 22000 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| WOW (ASX) Chart |