Definitely. When I used WA1 as an example in my previous post, I didn't say how many bags it has actually produced thus far. It went from its low at 13.5 cents to its high of $23.20 in 20 months. That is x 172 multiples of the low in under 2 years. So in the market x 100 bags is definitely possible in the right share and given the right market conditions.
Anyways, looking forward to WR1 price action this week.
Getting above 64 cents on Monday will suggest strength to this current rally as it has only had 1 day of selloff / profit taking.
From a technical perspective, "fast moves" only have between 1 and 4 trading days in the countertrend / profit taking.
After a larger move, a "normal" countertrend is usually 7 to 12 trading days.
One day down and then taking out the recent high of 63.5 cents the following trading day is indicative of a move with some power behind it.
Solid volume is always the key.
Let's hope that's what we see on Monday.
GLTASHs.
Not Advice. DYOR.
- Forums
- ASX - By Stock
- WR1
- WR1 General Discussion
WR1 General Discussion, page-33098
Featured News
Add WR1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
51.0¢ |
Change
-0.015(2.86%) |
Mkt cap ! $112.9M |
Open | High | Low | Value | Volume |
53.0¢ | 54.5¢ | 51.0¢ | $274.6K | 516.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.5¢ | 5500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.510 |
1 | 12500 | 0.505 |
1 | 9900 | 0.495 |
5 | 38639 | 0.490 |
2 | 125000 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.535 | 5500 | 1 |
0.540 | 21340 | 2 |
0.545 | 40000 | 2 |
0.550 | 69000 | 5 |
0.560 | 10000 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
WR1 (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online