$WAF $WAF.ASX 4 hours chart look like wants to push higher$WAF $WAF.ASX 4 hours chart is look like wants to push higher
West African Resources Ltd
Exploration for gold in Burkina Faso .
Number of shares 871,128,852
WAF
Gold Exploration - But would I buy ?$WAF a gold & copper exploration company focusing primarily on the Boulsa Gold project within Burkina Faso and Niger. The trendline has been broken and retested. We have seen a strong bullish candle today which is potentially the commencement of the bullish move. Whilst this may appeal to some traders, I consider the high risks of operating in Burkina Faso & will not trade it. As a general rule of thumb, I highlight ideas but I do not trace companies with operations outside Australia.
WAF West African Resources - waiting to buyFor this one I have highlighted 2 buy zones which are -20% from where we are, we have a shooting star candle today at the 61.8 of the high and low of the bullish falling wedge we are currently in RSI and MACD continue to move upwards
even though right now we have broken outside of this wedge the volume was subideal and we have room to pull back here.
Target is .675 at the top of this major channel in blue from the weekly.
