Great start to the year. Timing is everything they say. Try not to get too excited but the monthly is setting up for what looks to be a very rewarding yr for WBT.
The chart shows the that wave 2 down from $4.50 retraced to the $2 region which was not quite to the 61.8 Fibonacci line.
The volume in wave 2 last yr was low compared to the previous 2 yrs(20 & 21) but still a deep and destructive wave down that tested the majority of holders, perfect wave 2 behaviour.
IMO wave 3 on the monthly has begun with the MACD crossing high above the neutral line right now. The first time the monthly crossed was mid 2020 just before the big run to initially $4.27 in 6mths before going on to $4.50. It really doesn't get much better than this from a set up perspective. What is needed now is a steady increase in volume that will show the power of a third wave.
WBT could actually become "the new kid in town".
Charts, page-3409
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Last
$2.34 |
Change
-0.010(0.43%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.40 | $2.34 | $325.1K | 136.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4567 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 4126 | 16 |
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| Last trade - 13.02pm 23/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |