We tipped Western Areas (WSA) here in December when it was $2.18 now that it is trading at $4.48 I will provide a new target
Michael Gable
Fairmont Equities
We tipped Western Areas (WSA) here in December when it was $2.18 now that it is trading at $4.48 I will provide a new target. We have had a look at the longer term weekly chart, and there appears to be a strong level of resistance at $4.60. This also happens to be the 50% retracement of the drop in share price between the 2011 high and the 2013 low. The recent low in its current uptrend is at an intraday price of $3.92, so as long as it can hold that level, the uptrend is intact.
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Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian Financial Review, and Sky News Business.
Fairmont Equities provides portfolio management services and also produces weekly investment and trading ideas.
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Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
Michael Gable
Managing Director
Fairmont Equities
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
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