Friday, December 6, 2019

WM – Charts and T/A Due Diligence

Home WM – Wallbridge Mining WM – Charts and T/A Due Diligence

Viewing 9 posts - 1 through 9 (of 9 total)
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  • #1477
    RMR
    Keymaster

    Talk about Wallbridge Mining Charts and T/A

    #2096
    lexcon
    Moderator

    It looks like Wallbridge is forming the handle of a multi-month cup and handle formation. This view is for the US OTC version, and the handle would finish and start a breakout at 0.24 USD.

    The same formation in the TSX shares of WM would breakout around 0.295 or 0.30 cad.“>

    #2275
    Barry4180
    Participant

    I had to take note of the recent selling, the price held up very well for such a strong sell cycle.Notice the recent selling

    • This reply was modified 9 months ago by  Barry4180.
    #2936
    Barry4180
    Participant

    WM.TO Still looking good. Strong accumulation on the profile vs distribution, chart action shows MACD weaknening with very little price decline. ch03182019

    #3227
    Barry4180
    Participant

    20190404PF 20190404

    #3241
    lexcon
    Moderator

    Barry,
    In brief, what is the point and figure chart telling you?

    A friend uses them for trading, I never got the hang of what the charts were telling (he told me some stuff about how to use them, but I couldn’t translate that into what it was really indicating relative to market dynamics/psychology, etc)

    Is that chart saying still looking like room to move up some? Or is it ready for correction?
    thanks

    #3242
    Barry4180
    Participant

    Lexcon,

    This is merely a weekly on the P&F in relation to possible breakouts on the weekly. This does indicate relative support in the long term. Daily works well with a caveat that one should take profits Before the target is reached. BTW the daily is suggesting .57 cents.

    Primarily use this as a tool for target entries and exits. Manipulated stocks change frequently providing noise or suggesting volatility which confuses the outcome.
    Daily:
    02
    https://stockcharts.com/freecharts/pnf.php?c=WM.TO,PRAADAYRBO%5BPA!B5%5D%5BD%5D%5BF1!2!1.0!!2!10]

    #3936
    Barry4180
    Participant

    Time to be offside dip enroute WM.TO

    #4440
    Barry4180
    Participant

    WM 20190626

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