WGN is a little illiquid for my taste and with only has a few years of chart history, it is difficult to chart. Elliott Wave count is unclear. Price needs to break above $1.32 to confirm a new uptrend. A close above that level would also suggest a target of $1.69 – a potential gain of 30% on this week’s close. On the negative side there is no obvious stop loss level with the first being 30% below current price and while price has made a higher weekly peak the preceding trough was a lower trough . The rising price channel (flag) is another concern as price usually falls down, not up, out of rising flags and such a move might fit better with Elliott Wave Theory (Wave 4 can't intrude into the range of Wave 1).
This is a high risk trade where entry needs to be conditional on price making a higher weekly peak.
WGN charting
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Last
75.5¢ |
Change
-0.015(1.95%) |
Mkt cap ! $141.6M |
Open | High | Low | Value | Volume |
77.5¢ | 77.5¢ | 75.5¢ | $57.41K | 75.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11691 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.5¢ | 2666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13002 | 0.755 |
3 | 38714 | 0.750 |
1 | 4055 | 0.740 |
2 | 8334 | 0.720 |
1 | 14000 | 0.705 |
Price($) | Vol. | No. |
---|---|---|
0.785 | 2666 | 1 |
0.810 | 18470 | 1 |
0.820 | 3500 | 1 |
0.830 | 11000 | 3 |
0.850 | 9150 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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WGN (ASX) Chart |