Ok so as the scare tactics have started with talk of bubbles I will provide some figures.
WBT started at 0.29c went to $1.045 and has pulled back so far to a 38.2 Fibonacci 0.755c. It had strong constant volume on the rise and patchy smaller volume on all pullbacks. Rally started 20th Aug and was 15 trading days to top and 5 days of pullback.
BRN started at 0.05c and went to 0.97c and has pulled back a 61.8 Fibonacci of 0.39c today. While the rally appeared strong the 100 Period Money Flow only went into accumulation(above "0") with what appeared exhaustion volume right at the top and quickly went back under the "0" line. Compare that to WBT being strongly above the "0" line the whole advance. I did do a chart comparison a while ago in the Chart thread and said I believed some would be left holding the bag and nothing I have seen since changes that. So a weak rally technically and a much stronger correction as predicted.Rally started 18th May and was 85 trading days to the top with a 5 day pullback.
So if you think that a bubble has formed in WBT after a 15 day rally it might be time to sell up or stop talking absolute BS.
Rant Over.
Ann: Weebit Nano appoints Eran Briman as VP Marketing & BD, page-129
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Last
$2.23 |
Change
-0.070(3.04%) |
Mkt cap ! $421.2M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.29 | $2.23 | $1.381M | 611.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 28638 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 1445 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |