Hi Arthur, interesting post.
As chart shows, WOW now testing $12.20's again having firmed thru resistance and Fib(61.8%) at $12.08.
The RSI has triggered but requires further price weakness to confirm the reversal for those looking for the SHORT entry.
IMHO positive war news is bringing buyers (some offshore) into our Market which is leading to positive gains for blues generally.
This we have seen with the Banks which are in a similiar position as WOW and decision time has arrived as to whether recent gains will hold or not.
Those LONG who weren't stopped out last week may want to get ready to take profits.
It would seem wise to ready for the SHORT entry should the reversal confirm ... negative news required.
IMHO as positive war news gives way to the reality check regarding US economic woes ... we shall see some weakening of the Market.
Chart looks like this ...
Cheers ... tight stops.
This is only my view ... read the red stuff.
time for shorts ???, page-2
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Last
$32.59 |
Change
0.090(0.28%) |
Mkt cap ! $39.81B | |||
| Open | High | Low | Value | Volume |
| $32.60 | $32.70 | $32.42 | $51.71M | 1.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13386 | $32.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.60 | 2530 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$32.68 |
Change
0.090 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $32.59 | $32.70 | $32.42 | 161427 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WOW (ASX) Chart |