Long list of these mid caps also looking to turn bullish after a 3 month downtrend
time is now on the retrace to take final positions
accumulate
should be a big wave (3) for 2021-22
cheers
Toby
WAF just completed the Elliot ABC correction wave with SP bouncing off the 100MA dynamic support level. Note; the uptrend is tracking the 100MA.
WAF soon to be reporting double last quarters production figures as the West African company has commenced commercial production in the high grade M1 South deposit. DYOR
$WAF $WAF.ASX 4 hours chart is look like wants to push higher
West African Resources Ltd
Exploration for gold in Burkina Faso .
Number of shares 871,128,852
$WAF a gold & copper exploration company focusing primarily on the Boulsa Gold project within Burkina Faso and Niger. The trendline has been broken and retested. We have seen a strong bullish candle today which is potentially the commencement of the bullish move. Whilst this may appeal to some traders, I consider the high risks of operating in Burkina Faso & will...
For this one I have highlighted 2 buy zones which are -20% from where we are, we have a shooting star candle today at the 61.8 of the high and low of the bullish falling wedge we are currently in RSI and MACD continue to move upwards
even though right now we have broken outside of this wedge the volume was subideal and we have room to pull back here.
Target is...
Currently has a bit of interest with 172 buyers for 2,205,452 units vs 58 sellers for 1,504,738 units. Looks to have broken above an old resistance area on the daily and weekly charts with the current run on gold. Good chunky bit of volume behind it but might be a bit extended on the RSI. Could pull back but I like the look of the moving averages starting to cross...
