"Walkabout Resources Limited (ASX:WKT) is an innovative African focused energy minerals developer, based in Western Australia with a focus on developing. the Lindi Jumbo Graphite Project in south east Tanzania"
ASX:WKT
Overall Analysis:
Strong fundamentals.
Long term hold despite short/mid term price action.
Probable descending triangle being formed.
If...
After the shareholders ponied up their own cash to support this stock its traded like its been accumulated. Breakout on voume and retest on low volumes. Hugging key ma's looks set to break 32, a key short term level before potential retest of the old high around 44. TWT.
I bought this when it was a bit stretched to be honest. Frankly there aren't that many Im seeing that showing that lately IMO setup was too good not to gamble on. Thru 29.
$WKT - WALKABOUT RESOURCES - Worth a watch
Have added an alert so that if my ADX turns above 20 and price gets to .115 and depth is still there on the buy side I will look for a entry. Lot of potential upside if it does decide to run.
Walkabout Resources Limited is an Australia-based mineral exploration company. The Company is principally engaged in the...
