WGN 0.00% 87.0¢ wagners holding company limited

WGN is a little illiquid for my taste and with only has a few...

  1. 306 Posts.
    lightbulb Created with Sketch. 215
    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.
    https://hotcopper.com.au/data/attachments/2527/2527604-f7adc4dca3f9661aceed3ea759a10252.jpg
 
watchlist Created with Sketch. Add WGN (ASX) to my watchlist
(20min delay)
Last
87.0¢
Change
0.000(0.00%)
Mkt cap ! $163.2M
Open High Low Value Volume
86.0¢ 87.0¢ 84.0¢ $25.11K 29.79K

Buyers (Bids)

No. Vol. Price($)
2 55000 82.0¢
 

Sellers (Offers)

Price($) Vol. No.
87.0¢ 8427 1
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
83.5¢
  Change
0.000 ( 4.02 %)
Open High Low Volume
84.0¢ 84.0¢ 83.5¢ 10684
Last updated 11.49am 16/05/2024 ?
WGN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.