WAF 1.72% $1.48 west african resources limited

WAF : Chart, page-13

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    The narrowing Bollinger bands infer a break-out in the next couple weeks.... As it's hard to see the breakout heading south based on fundamentals, I expect when a few short-term holders have taken their profits along a stable 0.40-0.42 we may see a re-rate with new support in mid 45s.

    Happy for an experienced chartist to tell me how narrow and naive this reading is (if you give me some reasons as well!)
 
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