In recent days selling pressure has been building on the sell side. The sell side however has not been capitulating and selling in to the buying at 1.2c. I read this in that they may bve attempoting to keep the price down which could only mean that the seller is trying to accumulate stock at lower levels.
I notice this morning that the buying depth has been slowly building.
With the meeting being held this week (I think on Thursday) which I assume would be approved with the majority of votes, it would not be unusual to expect some positive news.
imo the chart looks good for a move to 2.0c and beyond.
Cheers
Clever1
WRR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
