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Loyiso_BlaqueSoros_Mpeta
Jan 12, 2024 3:40 PM

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

WESIZWE PLATINUM LTDJSE

Description

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.
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