WKT 3.85% 12.5¢ walkabout resources ltd

WKT - Chart, page-1624

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    WKT breakout.PNG

    Pro's
    -Looks to me as if it broke out a few weeks back.
    -Bounced off the last open gap fill as shown in green - pretty crazy how that seems to happen.
    -New gap may be breakaway due to volume
    -MACD still diverging

    Con's
    -Slow stochastics suggests overbought
    -gap exists at 18-20c

    Worth noting that the SP doubled after creating the one back in April - so nothing to suggest there isn't gains to be had even if that gap inevitably fills

    Needs to find support above 26c - if not - it may look towards the support at 22c.
    at that price, i'd be leaning towards the gap filling.

    Weekly chart shows oversold region - So IMO short term pull back to 26c before heading probably towards the 33c.

    Good luck everyone.
 
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WKT (ASX) Chart
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