WKT 0.00% 9.5¢ walkabout resources ltd

Tweet, page-332

  1. 87 Posts.
    lightbulb Created with Sketch. 16
    I wouldn't worry about the indicators too much....

    The MACD is based on past events by nature (last weeks consolidation after news peak).
    We have since had renewed interest in the business value when the bargains did not materialize due to inherant streangth of the resource and design simplicity.

    The RSI and STCOCHI can quite happily bumble along at these levels for a substantial period of time (as seen earlier in the plot) on an upward trend.

    All of these indecators are geared towards marking a reversal on a cyclic or ranging stock.
    WKT is not range bound....perhaps in a year or two when in production.

    There is a massive upside and businesses are not planned or run, guided or controlled in accordance to indecators that may only work because of popular belief. (self forfilling in many cases)

    The sky is definitely blue, the sun is warm, the grass is green...consolidation is part of growth.

    WKT family,
    Mike
    Last edited by Cyclone73: 20/03/19
 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
(20min delay)
Last
9.5¢
Change
0.000(0.00%)
Mkt cap ! $70.48M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
WKT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.