No worries.
Firstly, TA is a very loose science to begin with and I am no expert. But i do enjoy a dabble from time to time.
What you see there a type of falling wedge, you have a few things required to make a falling wedge:
- an upper resistance line
- a lower support line
- a contraction and
- a break out with large volume
Theory is that there is downward pressure which doesn't break a lower support line due to the buyer's support. Eventually the spot price reaches the support line and the bulls return.
In reality however it rarely works so well haha. My honest opinion is that it will rally - but if Web breaks $3, it will most likely see a re-test of the lows in mid-April.
For your perusal: https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal
- Forums
- ASX - By Stock
- WEB
- Covid-19 dying, flights will resume sooner than expected
Covid-19 dying, flights will resume sooner than expected, page-209
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WEB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.29 |
Change
0.090(2.14%) |
Mkt cap ! $1.683B |
Open | High | Low | Value | Volume |
$4.25 | $4.33 | $4.22 | $15.77M | 3.679M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10746 | $4.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.30 | 11628 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10746 | 4.290 |
6 | 22249 | 4.280 |
5 | 54241 | 4.270 |
4 | 6859 | 4.260 |
7 | 51894 | 4.250 |
Price($) | Vol. | No. |
---|---|---|
4.300 | 11628 | 1 |
4.310 | 34 | 1 |
4.320 | 3628 | 2 |
4.330 | 49539 | 5 |
4.340 | 1700 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
WEB (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online