This stock has had a pretty strong history of repetitive behavior over the past 12 months or so.
An observation on the daily chart below shows the last 4 times the RSI has hit oversold territory it had stayed there for 2-3 weeks... this is quite an extended time but it has been consistently done over the past 6-9 months.
On each occasion the SP has risen around 30%, 45%, 50% and 100% (give or take).
If this repeats we may only be 2 days into an extended period of SP appreciation and still have somewhere between 20-50% in the move... Perhaps this gets to $30 sooner then we think...
Have to wonder what this move is all about, however if history is a guide then there is no reason to expect this to fall off anytime soon.
wa1 Chart, page-2261
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Last
$14.79 |
Change
0.260(1.79%) |
Mkt cap ! $995.4M | |||
| Open | High | Low | Value | Volume |
| $14.42 | $14.84 | $14.42 | $1.410M | 96.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58 | $14.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.79 | 71 | 5 |
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| Last trade - 14.52pm 19/11/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |