WA1 7.83% $19.28 wa1 resources ltd

Hi Aldi, One thing I see today is that all the West Arunta...

  1. 17,236 Posts.
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    Hi Aldi, One thing I see today is that all the West Arunta projects are getting a shellacking. ENR down around 12% and CGR around 15%. Not a pretty picture.

    What I am now thinking is that WA1 will get to the top of the gap which is right on the 50 day ema. The 50 day ema should provide at least some short term support...maybe a few days by which time we might see the MRE which should hopefully drive us north again. Would not be surprised to see a TO offer in the not too distant future.
    https://hotcopper.com.au/data/attachments/6261/6261360-d2d1e9408942edbe6cc3b9fd4aaf9ba0.jpg


 
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