WBT 2.98% $1.90 weebit nano ltd

Charts, page-4250

  1. 1,416 Posts.
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    https://hotcopper.com.au/data/attachments/5637/5637417-ee37b6aea1502af9d0b403dc2dbaa1d0.jpg
    Are we there yet?
    Sometimes it's good to pan out and see just exactly were we are on a long term perspective. Getting rid of all other indicators and thoughts and just looking at the Money Flow Indicator you can see that WBT has only hit this low level on the MFI in 2017, 2019 and today. If you held through both those times and can remember the sentiment it was the same back then, which obviously is pretty low.
    I don't have a crystal ball and can see there is plenty of room for the MFI to go lower. Under this scenario though as can be seen in 2019 the SP actually went sideways not down. Under the 2017 scenario it, the devastation, ends very soon.
    If the company delivers on guidance this chart speaks for itself if you are planning to hold long term. As a buying opportunity it has come just twice before since 2016. If the company fails to deliver then the bottom Bollinger Band should come into play. As a long term holder I would consider that a gift.
 
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