WAF | Australian Securities Exchange

West African Resources
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OBV: Distribution still active for West African Resources
On Balance Volume /
OBV: Distribution still active for West African Resources

[BEARISH]: West African Resources current price has highlighted recent distribution. Currently, the OBV is -492640.

West African Resources: Rate of change (-10)
Rate of Change /
West African Resources: Rate of change (-10)

[BEARISH]: West African Resources currently has negative rate of change of -10%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Close Tod Vs Close Yest /
Sellers are now keener than buyers for West African Resources & are driving the price down.

[BEARISH]: West African Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for WAF adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.3 & the greatest daily negative change this year has been -4.3. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -86.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -3.500000%

Triangular Moving Average /
Triangular Moving Average(15) signal continues for West African Resources indicating downward price movement is likely

[BEARISH]: West African Resources currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -4.3%.

Fibonacci Extensions /
Stoploss for West African Resources should be set at $1.25

West African Resources: The current Fibonacci Extension levels are: (23.61%) $0.23: (38.2%) $0.23: (50%) $0.24: (61.8%) $0.24The current support levels are: (78.6%) $0.24: (100%) $0.25: (138.2%) $0.26: (161.8%) $0.27: (261.8%) $0.29: (423.61%) $0.33

Momentum /
Negative momentum for WAF is a leading indicator for continued price falls

[BEARISH]: West African Resources currently has negative momentum of -0.025 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -4.3%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -2.1%.

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Commodity Channel Index /
The current price level for West African Resources is maintained below the average

[BULLISH]: West African Resources (ASX:WAF) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -164. The bullish signal has been active for 2 days. During the quarter, the lowest CCI value was -164.

Initiation of Stochastic overbought signal for West African Resources
Stochastic Oscillator /
Initiation of Stochastic overbought signal for West African Resources

[BEARISH]: West African Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

West African Resources: CMF(-0.02)
Chaikin Money Flow /
West African Resources: CMF(-0.02)

[BEARISH CROSSOVER]: West African Resources current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.02. During the quarter, the lowest CMF value was -0.02 occurring on the Jan 18 2019.

Elder Ray Index /
West African Resources: Bull power (-0.006) & Bear power (-0.011)

[BEARISH]: West African Resources Elder Ray Index is signalling a Bearish movementERI is -0.011 indicating bear power. Prices are being driven below the consensus of value for WAF during the last trading session [Selling Pressure]

Tricklar Trend /
West African Resources has maintained the Tricklar Downtrend

[BEARISH]: West African Resources has a Tricklar downtrend confirmation. This was confirmed through a price breakout on the Jan 2 2019.

Donchian Channels /
Initiation of Donchian oversold signal for West African Resources [Bullish Crossover]

[BULLISH CROSSOVER]: West African Resources has just become oversold, highlighting the potential for a short term trend reversal in the upward direction.

West African Resources: Closing price $0.225 is below the SWMA(15) @$0.238
Sine Weighted Moving Average /
West African Resources: Closing price $0.225 is below the SWMA(15) @$0.238

[BEARISH]: West African Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -4.3%.

The WMA trend following signal is still current for West African Resources [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for West African Resources [Bearish]

[BEARISH]: West African Resources currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -4.3%.

Exponential Moving Average /
The EMA trend following signal is still current for West African Resources [Bearish]

[BEARISH]: West African Resources currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -4.3%.

Open Tod Vs Close Tod /
WAF: Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

[BEARISH STRONG]: West African Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 15.4%.

Accumulation / Distribution /
West African Resources: Current trading activity signals distribution is present

[BEARISH]: West African Resources (ASX:WAF) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -460001.

DeMark pivot point for WAF is bearish. Stoploss should be positioned @$0.228
Demarks Pivot Points /
DeMark pivot point for WAF is bearish. Stoploss should be positioned @$0.228

West African Resources has broken the first DeMark support point ($0.2263) [Bearish]. Look for a short limit order entry near this point. Exit price for WAF should be set @$0.2230 & short position stoploss for West African Resources should be set at $0.228

West African Resources: Stoploss for short position should be set at $0.231
Woodie Pivot Point /
West African Resources: Stoploss for short position should be set at $0.231

West African Resources has broken the first Woodie support point ($0.221) [Bearish]. Look for a short limit order entry near this point. Exit price for WAF should be set @$0.221 & short position stoploss for West African Resources should be set at $0.231

West African Resources has signalled an Supertrend present [Downtrend]
Supertrend /
West African Resources has signalled an Supertrend present [Downtrend]

[BEARISH]: West African Resources has a current Supertrend of 0.2575. This has change -0.0025 points from yesterday.

Percentage Volume /
West African Resources: Percentage Volume Oscillator (15.13)

[BULLISH CROSSOVER]: West African Resources currently has positive PVO 15.13%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Close Tod Vs Range Tod /
West African Resources closed in the lower part of daily range at 0%.

[BEARISH]: West African Resources sellers in control. This is the first day of seller commitment for West African Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 4 days in the upper range giving a ratio of 0.5x.

Volume Rate of Change /
Positive VROC for West African Resources is a leading indicator for continued price rise

[BULLISH]: West African Resources currently has positive volume of change of 275%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.3%.

Bollinger Bands /
Closing price ($0.225) for WAF is still below the Upper Bollinger Band

[BEARISH]: West African Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is -3.55% with a current width of 12.04.

Volume MACD oscillator is now positive for WAF
MACD Volume /
Volume MACD oscillator is now positive for WAF

[BULLISH CROSSOVER]: West African Resources currently has positive Volume MACD of 145508. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Daily bar has confirmed has confirmed an ADX a strong trend is intact for WAF
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for WAF

[Trend]: ADX for WAF has confirmed a strong trend is present. West African Resources has an ATR(14) of 0.01, a DX of 31.51 & an ADX(14) of 27.12

MACD /
MACD oscillator remains positive for WAF

[BULLISH]: West African Resources currently has positive MACD of 0.0001. This means the signal line is greater than the MACD line signalling a bullish movement.

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