WHC has been a great lesson. In Jan / Feb a large holder was selling out of a stock in a hated sector just as the company was turning around.
I wish others would chuck in a chart as I still have little idea.
The 1 year weekly shows a very wide spread on high volume finishing near the high. This is supposed to be bullish?! There was a golden cross (20 & 40 wk moving ave) 3 weeks ago that may have resulted in the recent buying? or people getting set for the quarterly (like the previous one).
The daily (3 months) shows a gap at ~1.37 and no real supply coming in yet. You would think it would retrace, take a breather and fill that gap.
Possible future resistance levels form the 3yr chart (weekly)? There is a potential level around 1.72 set back in Feb 2015.
Well done on all those that have held all through 2016 - "let your winners run" !
@Tradergimp any input?
WHC Chart, page-132
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Last
$6.62 |
Change
-0.020(0.30%) |
Mkt cap ! $5.538B | |||
| Open | High | Low | Value | Volume |
| $6.67 | $6.70 | $6.60 | $26.40M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17504 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 14785 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |