Thanks for that. It is good to see a few clean charts. :)
My only complaint is that you are not using a log price axis. :p
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Duplicate....how can I avoid doing this ?
Don't post 😜
As per weekly TA ...look for high over 3.41 or low below 3.30 for first signs of which side this week maybe ...last 3 weeks closing 3.38 !! As its fundamentally positive so hopefully it will make higher high this week ...like he said look for weekly reversal ( anticipate it ) before monthly change . SP over 3.41 will do it !!!
WHS has okay liquidity (for the NZX anyway) and is better after the sell down too. Watching price action shows big money selling down (presumably taking their ~10c profit from placement) and big money accumulating. The fact big money is accumulating after the placement is a positive sign. Depth can be misleading as often just shows the tip of the iceberg, or can be 'fake' orders to give the appearance of support/resistance.
WHS volume going down every day with contraction in range too ...No sellers and no buyers maybe ...
Was talking to a buddy the other day who works at the WHS and has a couple of team leaders under him whom have 20 people under them. He says head office is cutting $12m worth of jobs. Apparently all middle-upper management. His boss was one of the people being cut. Now my buddy just reports to the next person up the chain. Flattening out the company structure..
My buddy picks up a few more responsibilities and expects a little bump in pay next review. But thinks in this situation a good $200k salary savings by the end of it with his old managers role being disestablished.
Apparently a lot of duplication of manager roles from buying businesses over the years and onboarding all employees. Now more integration happening.
Anyways, I think good things are still happening at the WHS. Happy holder.