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9.5¢ walkabout resources ltd

Thanks Slick, starting to feel like IMU2.0. The whole share...

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rolly777

5,142 Posts.

768

06/09/24

18:03

Post #: 75566787
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Originally posted by slick: ↑

Yep, no doubt the current level is at a precarious level of support and it's pretty messy below that until the high fives. Weekly seems to display it best.

I do note that volume has increased and it's taking MACD with it but that may be the Optimist in me. Here's one thing that stands out to me and fits my trading style. Note with every spike (and mainly wicks) below the lower bollie band it's followed by a bit of an upward push therefore I'd be expecting a positive start to next week. But having said that, there's no hiding away from the overall downtrend.

Part of me says that I'm not surprised, I'm currently seeing very good blueys fall off cliffs so specky micros are very pressed at the moment even if they have strong foundations. To be honest, currently it's a mugs game and we should all shut down our computers for a while. (But we aint going to do that are we so the game will continue).

Cheers

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Thanks Slick, starting to feel like IMU2.0. The whole share market is very frustrating at the moment. The only ones that seem to be bucking the trend are the big four banks. Go figure.

WKT Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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