WGO 0.00% 35.5¢ warrego energy limited

Hi All, looked for a chart thread and noticed no one was putting...

  1. 716 Posts.
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    Hi All, looked for a chart thread and noticed no one was putting anything up. I am an amateur but still enjoy observing charts and price action.

    Per below daily, sell down in the morning IMO was a direct correlation with the DOW drop overnight. However, imo it was likely needed as the RSI was still too high (still is to a degree but nothing crazy) however you can see per below we are currently touching the 5 day EMA, a hold above this would indicate the bulls are still in town.

    I suspect an afternoon run and a close above/on 38c - but just my opinion.

    Furthermore the MACD is still highly bullish per below and today's sell down from a volume perspective is relatively next to nothing.

    Feel free to comment!
    https://hotcopper.com.au/data/attachments/1714/1714017-52e6dc5a7f83dd195d899faff932e80c.jpg
 
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