WR1.ASX Winsome Resources Trend Cloud Study.
Winsome Resources has been Bashed Down with all the Lithium miners of the Last Year or more.
Just as High Inflation is the cure for High Inflation, I surmise the same could be true for these Miners - as they are forced to shut down certain operations, thereby decreasing supply.
They also become Targets for Takeovers and MA's.
As my Chart depicts, I also was caught by many Bull Traps, and I am in a Loss Scenario.
However, I am now seeing a potential reversal on the Trend Cloud and IMACD.
Adding to my position remains very Risky and is not a recommended policy
However if one got in near the recent lows & you are profitable - your Risk will be lower.
As my Chart depicts, I Diarise as much information as possible using the Call-Out Tool and Price Range % to assist with my decisions.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Just as High Inflation is the cure for High Inflation, I surmise the same could be true for these Miners - as they are forced to shut down certain operations, thereby decreasing supply.
They also become Targets for Takeovers and MA's.
As my Chart depicts, I also was caught by many Bull Traps, and I am in a Loss Scenario.
However, I am now seeing a potential reversal on the Trend Cloud and IMACD.
Adding to my position remains very Risky and is not a recommended policy
However if one got in near the recent lows & you are profitable - your Risk will be lower.
As my Chart depicts, I Diarise as much information as possible using the Call-Out Tool and Price Range % to assist with my decisions.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Comment:
Now at Break Even. Watching closely.