3 MONTH TREND
WESTERN METALS LIMITED lays in the upper part of a very wide and strong rising trend on short term, and this will normally pose a very good selling opportunity for the short term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trendline at AUD 0.28 will in first place indicate a stronger raising rate. Given the current short term trend the stock is expected to rise 107.7% during the next 3 months and with 90% probability hold a price between AUD 0.33 and AUD 0.58 at the end of this period.
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Nick Poll, Executive Director
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