WHK 10.0% 0.9¢ whitehawk limited

Coming week is make or break whether we get a full retracement...

  1. 62 Posts.
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    Coming week is make or break whether we get a full retracement or find support at 5.5c (78.6% fib). My analysis below- humour me, I'm bored on FIFO, your Saturdays mean nothing to me!


    BULLS SAY: V Bottom, Trend reversal day 1

    • Positive news catalyst(s)
    • Hot emerging sector
    • Revenue starting to roll in
    • Gravestone doji in downtrend
    • 78.6 fib retracement
    • Volume pullback


    BEARS SAY: Full Retracement, Short with 4c target

    • Cybercrime threat overblown
    • Current market condition/volatility
    • Negative EPS/Not yet profitable
    • Companys recent grab for cash
    • No demand from buyers
    • Still in a clear downtrend
    • No obvious big buyer accumulation


    I SAY: Just like a ladyboy in a miniskirt, we're about to find out who's prepared to show a little balls 


    https://hotcopper.com.au/data/attachments/1365/1365423-80488fc5f2493471c52620d5ec2ba322.jpg
 
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