This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap.
Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps.
*wave (A) unfolded as an impulse
*wave (C) unfolded as an ending diagonal
Since the 2019 low of 31 cps, price has held above this level and is looking impulsive.
I consider this stock purely speculative so a stop-loss below 31 cps is recommended for those who may want to nibble.
**chart shown in log scale.
Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps.
*wave (A) unfolded as an impulse
*wave (C) unfolded as an ending diagonal
Since the 2019 low of 31 cps, price has held above this level and is looking impulsive.
I consider this stock purely speculative so a stop-loss below 31 cps is recommended for those who may want to nibble.
**chart shown in log scale.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.