WFL 0.00% 0.3¢ wellfully limited

Triple bottom?, page-4

  1. 288 Posts.
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    I'm no chart expert but this is how I see it.
    https://hotcopper.com.au/data/attachments/1468/1468690-d36833551f8f2184251f252ce41af174.jpg
    Weekly Chart Showing Lower Lows on SP and Higher Lows on RSI Usually a good Bullish indication that Price will go up. Which it has. For a while.

    https://hotcopper.com.au/data/attachments/1468/1468698-1d99af3d176d84bf16a0f465cf024dde.jpg
    Monthly Chart shows Higher Lows on Price and Lower Lows on RSI usually a good Bullish indicator that Price will move UP.

    Monthly chart also shows how we are forming a nice support level around the 2c mark. Last month was even a small Bullish pin bar.
    So Charts are looking Bullish but the price isn't being very bullish.
    I feel that we are now at a good accumulation point. Similar to back in 2009. This rounding off the bottom could take several months to complete.
    What the market seems to be waiting for is some more good financial news. Basically, once the money is in the bank then the SP will start to make a more continuous and stronger upward move. 2019 could well be the year OBJ heads upwards and onwards and back into the Teens.
    As I read on another Post This is a time to Wait Accumalate and Meditate. then WAM
 
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