This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap.
Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps.
*wave (A) unfolded as an impulse
*wave (C) unfolded as an ending diagonal
Since the 2019 low of 31 cps, price has held above this level and is looking impulsive.
I consider this stock purely speculative so a stop-loss below 31 cps is recommended for those who may want to nibble.
**chart shown in log scale.
Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps.
*wave (A) unfolded as an impulse
*wave (C) unfolded as an ending diagonal
Since the 2019 low of 31 cps, price has held above this level and is looking impulsive.
I consider this stock purely speculative so a stop-loss below 31 cps is recommended for those who may want to nibble.
**chart shown in log scale.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.