Technical analysis should only be used to a certain extend. Company has intrinsic value which should be the bottom of share price. In case of WRZ a money losing conpany for now, at least they still have ~70m equity. So ~70m is the minimum market cap even if you consider everything else worthless. I can sleep well tonight knowing that the worst thing can happen with this piece of shit investment of my is only to lose another 66% of today value.
I will set a buy order at 7c if I could. Who know it might fall into that tomorrow. Nah, I need 25% margin of safety, so 4c it is. Sure it will hit that price tomorrow.
WZR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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