WSI 4.55% 10.5¢ weststar industrial limited

Ann: Appendix 4C - quarterly, page-34

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  1. 15,402 Posts.
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    See this 30 day chart (on the right) say 31 dec low, then ran like buggery, then dropped back on 7th Jan (but importantly, not as low as 31st December, creating the first higher low).

    Then u see first spike on volume (then second spike on volume) that's when I generally get in to trade a stock from a chart perspective.
    The volume on say 14/15/16 Jan is 3 times that on say 10/11/12/13th

    Must have enough cash for 4 quarters.
    Don't buy Mondays, Don't sell Fridays

    This chart was for TEG (not a cross promotion) just giving you a decent and very recent example 

    Generally find a small stock that has been run down over time.
    Watch for the first run, then pullback, then second run (must go past first run and previous lower high) and on say 2x - 3 x increased volume, cash in bank so not needing a cap raise, and buy.

    Buy on the volume and sell out before the volume comes back to sell.

    WSI (chart on the left) using 12 month chart, BTW I generally use 12 month, 6 month, 3 month and 30 day charts only.
     
    From October to December (I think) had its first major run on volume, managed to break previous resistance at .015c, so I had to wait for confirmation which happened late december (strong volume again and running to beat the previous run), (but only just made it) then at same time it nicely formed a cup and handle so time to buy was start of the handle, and the handle has taken off, so now it needs to get past the previous high set in around May/June 2018 of .022 to go higher then has same issue at .026, get past there and bluesky IMO.   


 
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Last
10.5¢
Change
-0.005(4.55%)
Mkt cap ! $14.13M
Open High Low Value Volume
10.5¢ 10.5¢ 10.5¢ $5.25K 50K

Buyers (Bids)

No. Vol. Price($)
5 173305 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 102736 2
View Market Depth
Last trade - 15.30pm 18/11/2024 (20 minute delay) ?
WSI (ASX) Chart
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