WMT western metals limited

daily chart

  1. 3,537 Posts.
    Agro, here's what I've got. I didn't use the " " marks.

    Can't make out an exit signal for mid Jan - an aberration when a lot of us left in a panic and bought back in!

    The short and medium term Moving Averages have crossed in a favourable direction, but as you can see this has happened before. WMT is still well below the long term MA, so we have a lot of ground to make up. Sellers seem to be sitting tight, so my feeling is that we will at least hit the 12c target before long. Fib ratios too small to include, but they coincide with this point. Can't speculate on what might happen thereafter. Anyone disagree with this? I don't consider myself an expert, just trying to put into practice what I know.

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