WKT - Chart, page-1517

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semi retired

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17/09/19

08:04

Post #: 40445266
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Originally posted by EWexplorer ↑

Rossi ... sure ... really the trigger for buying would have been around 22c ... so maybe 3-4c trade opportunity loss.

But as this is the chart thread and there's no apparent reason for the rally ... FA wise and there's no apparent reason for the rally TA wise - everyone is looking for a reason.

I don't think it's because WKT is such a great bargain ... unless finance news is leaking and the BOD beat their historic performance and actually secured a good deal ... which I doubt.

Those that follow the shorts will notice a continual drip of shorts most days with the odd day over 10% of volume. I suspect this is done on a sub-industry group basis ... so say a select group of battery mineral shares etc.

So my only suggestion for the rationale behind yesterdays rally (without further info) is it was short covering.

And I suspect the trigger was the oil crisis ... and I suspect the short covering was in reaction to a perceived risk from EV related companies who will do well with high oil prices ... and of course the shorters will not know the difference between battery and fire retardant G companies.

That's my only suggestion at this stage ... sure it's a long shot. But it makes sense to me. haha Trading today will confirm one way or the other.

Hope you took some money off the table yesterday, plenty of other stocks with better charts IMO.

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EW , WKT is over sold with the barrage of negative SYR and chart based BS from you and partners , your chart shows what WKT has done not what it will do , fundamentals have not changed , , try the blender with some Marubozu CS added , better chance of telling WKT's direction .

WKT Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.2¢		Change -0.002(2.13%)		Mkt cap ! $61.75M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.2¢	$6.406K	69.48K

Buyers (Bids)

No.	Vol.	Price($)
2	52323	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	5315	1

View Market Depth

No.	Vol.	Price($)
2	52323	0.092
1	45897	0.091
2	21878	0.090
1	51245	0.089
2	58000	0.088

Price($)	Vol.	No.
0.095	5315	1
0.096	37788	1
0.100	41864	2
0.105	343296	3
0.110	169999	3

Last trade - 12.16pm 05/11/2024 (20 minute delay)

WKT (ASX) Chart

WKT - Chart, page-1517

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WKT - Chart, page-1517

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