Yeah good feedback. Its all about risk vs reward. The qualitative data infers the vaccines that have been developed, will cover the different strains that are emerging. So medium term it should work itself out. Vaccine rollout in Australia is only weeks away.
Reason for jumping on board is... An engulfing bullish indicator popped up up the 19th of Jan. 120 day moving average is sitting at $4.70. This indicates little downside pressure. The red triangles below are sell triggers. They exited the stage once the engulfing bullish indicator arrived. IMO its set up to retrace back to around $5.80. Market fluctuations are typically high in Feb, so it could take a few months to play out.
DYOR as always.
WEB Price at posting:
$4.85 Sentiment: Buy Disclosure: Held
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