WR1 3.88% 62.0¢ winsome resources limited

Today I bought a fair few WR1 at average 76c..I exited long time...

  1. 4,385 Posts.
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    Today I bought a fair few WR1 at average 76c.
    .
    I exited long time back but have been writing on a somewhat weekly basis, including the reason why I was not buying. After watching for some time, I feel the risk reward from here is not bad. Li sector sentiment is very pessimistic, and based on what has happened for sometime, I am going to play with soft hands. If it gets to 76 again, I may exit and wait.
    .
    So why did I buy today? First is risk reward, which I mentioned. Secondly, I feel Li stocks maybe bottoming here, another 10% play possible. I can't pick the bottom, so started buying. Based on what has happened for sometime, I could be completely wrong though. Thirdly, before today, my portfolio was 60% Uranium. It has made stellar gains last few days, I exited around 80% today with very good gains. Could be a very wrong decision as that sector is in euphoria state, but let's see. So I had some coins today.
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    So what are the key numbers I am playing. On weakness, hold 70,but have mentioned 76 for my play. On recovery, get over 100 and test 112. Will that happen? Let's hope so. Enjoy your weekend and all the best.
 
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Last
62.0¢
Change
-0.025(3.88%)
Mkt cap ! $134.1M
Open High Low Value Volume
64.5¢ 64.5¢ 61.0¢ $294.2K 472.9K

Buyers (Bids)

No. Vol. Price($)
3 31333 61.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 100000 1
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Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
WR1 (ASX) Chart
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