For those wanting to 'buy the dip' or top up, wait for a change in market structure. There is absolutely no point in trying to guess when the bottom is in. Buying the dip only works when the dominant price trend is up - that is certainly not the case here.
When we are trending down (as we are now), once we get our first 'higher high' and it then bounces off a higher low and then breaks above the first higher high, that becomes a signal that the market may be shifting back to a primary uptrend. Stay patient for now, as annoying as he is, hingdog isnt wrong about the current price action.
WR1 General Discussion, page-25037
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Last
68.0¢ |
Change
-0.050(6.85%) |
Mkt cap ! $147.1M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 73.0¢ | 68.0¢ | $388.7K | 552.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8049 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 12950 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |