Wilmington Share Price (WIL)

Don't you get tired of spouting all this gibberish?

Breakout to new 7 week high today, although volume , was not high. If retrace , look to 362, as possible area. WIL, was the top riser, in the sector today, so I have changed my mind to WIL, being a buy. DYOR.

My 29/2/24, comment was predicated on the basis of an assumed normal retracement, which turned out not to the the case.

There is a lot of volatility, not good, in WIL, so a close above 360, or better still support from price action above 360.

The underlying media sector is weak, below its 1/3/24, time pivot low value. Overall, I would not recommend investment in WIL.

Fibonacci retracement, of 50%, from recent price peak, at sp 350. The next fibonacci retracement level, is 61.8%, which is price 343. There is a price pivot peak at 344, which may provide support to the sp, and the vicinity of the 61.8% retracement level at 343, provides encouragement that WIL equity, will obtain decent support. Fibonacci levels are not an exact science, so support may appear between 343 to 350. RSI(relative strength index), may bounce up from the 50, if so, it would be viewed as a buy signal. DYOR.

This business looks fundamentally cheap