Outside reversal to the upside today, confirming a "0 1 2 3" pattern on the daily chart.
This constitutes a "Buy" signal after a prolonged downtrend such as we have experienced.
The "0" count starts at the significant low of 51.5 cents, then 1 2 and 3 at subsequent HL's with HH's.
If the 0 1 2 3 pattern forms tight together in time, the strength of the move is often more significant (like a tightly wound spring, with sellers losing more and more control)
A change of trend should now be confirmed. If any of the HL's are broken (except for a minor false break), then the 0 1 2 3 count has to start again.
Volume is heavier today, which also contributes to the upside signal.
You can see this same pattern has formed on PLS recently, then price takes off (Sellers losing the battle).
Further assay news for WR1 of course could be the impetus for a rapid price move to the upside.
Go you good thing!!
AIMO, not financial advice.
- Forums
- ASX - By Stock
- WR1
- WR1 General Discussion
WR1 General Discussion, page-26265
-
- There are more pages in this discussion • 6,646 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WR1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49259 | 54.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 6884 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 49259 | 0.540 |
2 | 80000 | 0.520 |
1 | 19801 | 0.505 |
2 | 52000 | 0.500 |
3 | 25000 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 6884 | 1 |
0.545 | 5506 | 1 |
0.560 | 44118 | 1 |
0.565 | 5000 | 1 |
0.570 | 75000 | 1 |
Last trade - 10.41am 16/09/2024 (20 minute delay) ? |
Featured News
WR1 (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online