Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:WCN ...
I believe this code is at a point of potential volatility.
If price can hold above $0.017 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.023 (Conservative)
- $0.030 (Medium)
- $0.039 (Aggressive)
...
Recent volume and new highs from WCN may warrant keeping this on your watch list. Although results were not impressive last time around, it seems that some are buying up now in the event that good results do show up in the near future. Closed above the 50d MA. Good volume above average for last week.
Possibly an opportunity to trade expectation momentum of extension drilling results coming early May.
Found a comfortable support around 0.02 after disappointing initial drilling.
Highly unlikely people are going to dump this stock prior to the announcement, get in early and you could make a couple of pips on way up before the announcement.
Hypothetical trend line...
$WCN.AX setting up to move higher -Next week watchlist #ASX $WCN
White Cliff Minerals Limited (WCN) is a mining exploration company, exploring and developing nickel-copper and gold projects in Australia and Centre Asia.
I've been watching WCN for a year now and after acquiring some Copper/Gold Tenements in the Paterson Province there suddenly has been some high volume that WCN hasn't seen in a long time. With gold prices at a high and tenements in a quality area this could be a game changer for these guys later down the road. Seems people are already getting onboard.
From the...
