Analysis on 26 August: VRC, WHC, FCT

LukeyTrags
2022-08-26

Hello, everybody.

Today I looked at these stocks and offered my insights: $Volt Resources(VRC.AU)$$WHITEHAVEN COAL LTD(WHC.AU)$$Firstwave Cloud(FCT.AU)$.

$Volt Resources(VRC.AU)$ weekly log arc (historic). PA is pressed against linear resistance. The combination of a looming shortage & positive news could be the catalyst to trigger a b/o. Curious to see if the arc holds, maintaining its series of higher lows from early 2020.

$WHITEHAVEN COAL LTD(WHC.AU)$ price target raised 18% from $7.79 to $9.20 by Barrenjoey. Well well well, we have our first $WHC downgrade for the day with Citi cutting by 5.7% to $7.40/s. Would love to get a hold of the models behind their research.

$Firstwave Cloud(FCT.AU)$ MD/CEO Danny Maher provides a 6M update since the merger/new mgmt team commenced. As a bottom drawer LT spec investment in#cybersecurity, the progression is very promising, hopefully leading to material contracts + rev growth.

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