$JSEWEZ - Wesizwe Platinum: How Are The Fundamentals Here?
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.