W Resources Share Discussion Threads

[plat hunter] 13/11/2018 12:20

Krypton..
0.50 might be the most but you know full well that I'm not coming here for the best on offer.

This is a play thing at best and I won't come in unless I can get back out within a couple of weeks.

[plat hunter] 13/11/2018 12:18

JAF.. 2 days of gains doesn't break a trend you fool..

The only people who comment here and have made money over the last 2 days have been Rookie and ALBT who both took my advice on the range.

Even people on LSE who hold WRES think you're an idiot, so if I was you I'd be quiet when counting your losses. How much are under water here again. In case you're wondering I'm not under water here.

[jaf1948] 13/11/2018 12:07

Plat,

The problem is that you lost any remaining credibility that you had with your post just 8 days ago saying 'Another week of nothing and still firmly range bound' - the share price moved up over 20% and around 200m shares were traded compared to around 75m the previous week.

[2magpies] 13/11/2018 12:06

plat hunter

we are looking at the same chart, I'm sure ;-)

From what I see, there have been 2 'breakouts'(over the last 6 months), before this one. The previous ones have been marginal, but this one has the look of an 'explosive' breakout. The next resistance appears to be @ 0.72, with a possible support @ approx 0.525 (which could well be tested) - btw 0.525 also happens to be an approx 38.2% retrace

There is also an inverse IHS.

It has taken from May to November (6 months) to clear 0.515

The WRES story is gathering pace - an awful lot of stuff has come together over many years!

[kryptonsnake] 13/11/2018 12:05

Platts,

You don't know what you're talking about. It has broken out, it's clear to see

This will retrace back to 0.50 at the most then back upwards

The volumes are very large and the market is slowly waking up to the potential here

You didn't get your 0.35 target and I doubt you'll get 0.45

[cpap man] 13/11/2018 12:00

Plus remember the share price target for WRES of 1.5p+ with upside potential to 3p+

[cpap man] 13/11/2018 11:58

Moving swiftly on WRES are now attracting buyers again and heading back up.

Remember that absolutely no share moves either way in a straight line!

[plat hunter] 13/11/2018 11:51

2Magpies...

Don't let the name of the indicator fool you, as to believe that it's directly relates to the price of commodities.

The indicator was first used to identify cycles in commodities but it is widely used across many stocks, industries and markets to identify cyclical trends that are not necessarily subject to wild price movements of an underlying asset (such as a commodity).

The indicator take successive highs and lows across MDA's and EMDA's and is accurate with some degrees of success, so as with all indicators and signals the result is very much down to the data.

There's no doubt about it, this stock has been in a cyclical trend, this will be the 4th time in the last 6 months that people have believed that it is the break out.

[2magpies] 13/11/2018 11:42

plat

for it to get to 0.45 the share price would have retraced 78.6% of the current move.


WRES is only just beginning - so where, in the 'commodity cycle' are you placing it?

I doubt that the sp, currently, is particularly sensitive to the current price of W

[plat hunter] 13/11/2018 11:37

You like to put what in your mouth? Each to their own lol

[plat hunter] 13/11/2018 11:33

That slight retrace is confirmation of the Commodity Cycle Oscillator indicator.

My initial price target for adding here now, without being as greedy as my previous 0.35 is now 0.45. A break below 0.45 will see it go back to 0.41 and confirm the ongoing trend.

[2magpies] 13/11/2018 11:03

Looks to me a bit overbought at the moment, and imo, it could retrace to approx 0.00525

Has had a very good rise - things are coming together, and 2019 approaches fast.


How long will they stay independent??

Could be a very tempting morsel for some major, imo.

[rodrod1] 13/11/2018 09:37

Read the new web site, research notes, listen to interviews etc

In other words, do some research to augment chart interpretation?

Good luck but hoping you don't buy in At less than 0.5p lol

[kryptonsnake] 13/11/2018 09:34

1.5p by Christmas

LOLsss

[plat hunter] 13/11/2018 09:22

Price target of 1.5p

lols

[2magpies] 13/11/2018 09:13

where do you get that from??

[cpap man] 13/11/2018 08:20

Remember the share price target for WRES of 1.5p+ with upside potential to 3p+

[cpap man] 13/11/2018 08:19

Decent start to the day for WRES

[kryptonsnake] 12/11/2018 21:33

Depends how much you want to elongate the word eeeeeeeeeee

LOLsss

[plat hunter] 12/11/2018 21:15

Is that one 'e' or two?

[kryptonsnake] 12/11/2018 20:35

At least rookie was being honest. Whether or not he's an eejit remains to be seen LOLsss. The share price might retrace to 0.5 giving a decent top up opportunity

[barony] 12/11/2018 19:38

I appreciated rookie’s response.