Couple of questions around 'who would sell after this announcement!?"
My 2c is it's just mean reversion algos getting triggered. The two previous swing highs are pretty obvious places to put a stop-buy to protect a recently opened short position. These got hit and a bit of a pop in volume/price.
I'd expect a base to mature out from here. EMAs will catch up and compress with price building up towards the right side of the cup. Should be a fairly obvious trade once it reclaims 30week ema which will also draw in buyers.
Good chance of previous lows to be retested and trigger more mean reversion algos. If this happens and price holds that's a positive signal that distribution and accumulation are occurring in relatively equal strength. Wyckoff Link
I think the market has accepted that the product is on the shelves at the store with reasonable enthusiasm. Management delivered this first milestone albeit somewhat late. The real catalyst to move the market will be a product designer buying the chip for their device. Markets have an uncanny ability to hint at when these events will happen as the stocks set up buy triggers.
- Forums
- ASX - By Stock
- WBT
- Charts
Charts, page-4260
-
- There are more pages in this discussion • 730 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
$1.92 |
Change
0.000(0.00%) |
Mkt cap ! $361.7M |
Open | High | Low | Value | Volume |
$1.94 | $1.95 | $1.91 | $654.4K | 340.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 7769 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 11026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.915 |
5 | 39327 | 1.910 |
3 | 8624 | 1.905 |
31 | 107747 | 1.900 |
5 | 44578 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 11026 | 1 |
1.925 | 12183 | 2 |
1.930 | 3000 | 1 |
1.935 | 4859 | 2 |
1.940 | 5000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
WBT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online