Are We There Yet.
If you go back and look at previous pullbacks it is clear that Mum and Dad should not have long before they do not have to keep answering that question. Those waiting for lower prices do so at their peril.
WBT has had 2 small pullbacks and 3 longer pullbacks starting with the red arrows and ending with the first green arrows. The second green arrows show when the next leg up stated in earnest. The 3 longer ones are shown here and while this latest one has been the most savage the similarities at the bottom are quite clear. Both previous long pullbacks have ended with a rebound from the low followed shortly after by a test of that low which failed both times on low volume tight range days.
The last 2 days we have had are percentage wise the tightest range and lowest volume of all 3 pullbacks considering the higher SP and larger SOI today. You can see how long each lasted. As you can see odds favour a rise is imminent.
As you can see on the price chart there is trend line support just below. Short Term Money Flow has retreated just below "0" in the last week however LTMF is still positive. You can see the exact same behaviour of the MFI's on both previous long pullbacks.When you consider the savage nature of this destructive(to a few peoples minds anyway) wave down it does show how strong the uptrend has been.
Now some fun facts: first pullback ended at.69c and the subsequent rally ended at $2.27 = a $1.58 rise.
second pullback ended at $1.72 and the subsquent rally ended at $4.27 = a $2.55 rise.
third pullback if it ended at $2.11 ?????? but you get were I am going with this + approx $3.50 rise = circa $5.60. No scientific basis for that but boy I love the symmetry. Hold tight long termers as it should not be long now.
- Forums
- ASX - By Stock
- WBT
- Charts
Charts, page-2032
-
- There are more pages in this discussion • 2,958 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 WBT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.05 |
Change
0.030(1.49%) |
Mkt cap ! $388.9M |
Open | High | Low | Value | Volume |
$2.04 | $2.08 | $2.02 | $862.6K | 420.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 247 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.07 | 8084 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 247 | 2.050 |
3 | 16249 | 2.040 |
4 | 25381 | 2.030 |
4 | 30462 | 2.020 |
3 | 23589 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 8084 | 2 |
2.080 | 16568 | 3 |
2.090 | 5800 | 1 |
2.100 | 22207 | 3 |
2.110 | 22433 | 4 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
WBT (ASX) Chart |