WKT 0.00% 12.0¢ walkabout resources ltd

I'm not sure how a definite statement can be made about the...

  1. 9,241 Posts.
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    I'm not sure how a definite statement can be made about the direction WKT will take.

    As I mentioned previously the descending triangle is non - existent, sure, you can join some highs and lows up and come up with something but there is too much white space contained in it to make sense - basically there is no consistent base line. You can't have a triangle without three continuous sides.

    Without falling into my dread dislike of "prediction" this is one pattern which will just meander on sideways till there is some action to by the market.

    I've put some notes on the chart to sort of show this, the market just isn't responding to either what could be loosely termed demand or supply. There are no followers. One thing for sure though, I've seen enough of these sleepy ones break out one way or another to catch the market out. It is hard to rely on a chart though when the daily volume, like today, is just on 30k. Someone is accumulating and they are buying off someone though. Conspiracy even says it could be themselves. Just have to hang around to find out. wink.png

    https://hotcopper.com.au/data/attachments/6044/6044368-24d2593e520ae8b8e21bed4a53cae212.jpg



 
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