The final leg is what a seasoned investor waits for.
Scared of the high purchase the loose hands sell for a 20% loss as to not take any more hits. The accumulator picks up shares now at a 20+% discount.
The chart imo, could be read from two points of view. One from an investor with a few years in the market and one that is well seasoned and most probably does it for their job.
If it busted through the trendline with large volume for multiple days id be cautious but there are still people out there with deep pockets looking to get in.
End of the day due diligence is key and backing your investment. Who knows today or tomorrow could send this to the moon and someone just sold a biig chunk.
Emotions get the best of us.
Charts, page-1513
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Last
$2.52 |
Change
-0.010(0.40%) |
Mkt cap ! $476.0M | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.60 | $2.50 | $751.4K | 294.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12841 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 1700 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |