The last few times we've formed a little downwards channel like this, price has crept out of the trend line and rallied aggressively up to make new highs. IMO if there's something that's going to ruin this little pattern for I'd say it's going to be an aggressive bounce off this level / channel in the ASX200 shown in the bottom pic. In which case Lord Bell may actually have raised a valid concern for the nervous short-term WBT players.
The fact that we've just tested and bounced off previous ATHs from the other side (resistance becomes support) is a really good sign for me.
Charts, page-1918
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Last
$2.50 |
Change
-0.010(0.40%) |
Mkt cap ! $476.0M | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.56 | $2.50 | $467.7K | 184.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 10159 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 2136 | 6 |
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| Last trade - 14.31pm 15/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |