WHA 0.00% 48.7¢ wattle health australia limited

Speculation about why people buy and sell is just a guess. The...

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  1. 6,851 Posts.
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    Speculation about why people buy and sell is just a guess. The market is awaiting news and charts get rewritten when that happens. Just because a chart shows you it could hit 2c, it doesn't mean that it will even get close. They are just indicators and many a person has had good and bad experiences playing with charts. If charts were that easy, we would be broke. I use charts as an indicator but they mean little if a bid comes, news hits (good and bad), markets crash, companies disappoint, someone dumps for personal or financial reasons, the sector melts, management dump, the Dow drops 500, trade wars, political stupidity like carbon or mining taxes, changes in govt etc.
    Obvious trends can make more sense with the absence of news, but WHA can just as easily drop news that changes everything. Its a waiting game right now imo. I have absolutely no idea where the stock price will be day to day and its irrelevant to me if im looking for a decent move into xmas. Its about cents to traders of course. good luck and dyor
 
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