Agreed.
I'll add that we have seen this kind of pattern recently as well followed by strong shorting so it could just be another run up to that.
in my opinion it's just tracking the money flow to small caps. Volume is unimpressive.
Not seeing anything to convince me a deal is about to drop, which would be demonstrated by strong volume. Insiders knew last year long before anything was announced to the market so expect that again.
WBT Chart, page-367
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Last
$3.29 |
Change
0.200(6.47%) |
Mkt cap ! $624.7M | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.35 | $3.11 | $6.063M | 1.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11355 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 12500 | 2 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |