Updated Daily chart. Looks stronger than ever now. Recent 65/200 ema golden cross with a 61.8 % retracement fib level at 10c that has bounced off support. Decreasing volume with little selling and any buying <10 million moving the share price despite the recent raise. Broken out that resistance level that we have been at for a while at 10- 11.5c, and we have touched the 52 week high again at 13c.
I can see a cup forming in this period of consolidation during the recent raise and SPP. Will we see the handle? Time will tell. News may come first.
Now we might consolidate a bit more which would be ideal but given the strength of the share price, the sentiment of antimony and our peers who I must say are very behind us, a big move can be expected.
The most recent run was primed by the announcement of a major antimony resource but from a TA analysis the recent MACD cross, 9ema high led WA8 to run from 5 to 10c.
If we apply the same analysis the TA is technically sound. Same thing is happening now with another MACD cross again, new 9 ema high, golden cross that back test supported at 10c. Very bullish on WA8 now and have picked up more oppies today at 7.1c.
WA8 Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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