- A review of the monthly chart sees a large top formation having been developed over a 13-year period. This top has seen the share trade in a range of roughly R60-R70 over the period however investors should take caution as a downside break (below 8800c) would see the long term trend changing from one of consolidation to that of a downward trend.
Fundamentally, WBO has been a sector leader and has known to be a preferred option in space when investors have allocated capital however I remain cognizant of the potential technical risk.
Fundamentally, WBO has been a sector leader and has known to be a preferred option in space when investors have allocated capital however I remain cognizant of the potential technical risk.