Holding up very well considering the broader market sell off after yesterdays short squeeze.
Lots of people were sucked in yesterday and naturally following the overnight action in US markets todays selloff was to be expected.
I guess there are a few scenarios as to why WBT holds onto this support line - intent to support the price, someone is soaking supply, low SOI and a strong register (including that of retail), and or WBT is off the radar for issues traders feel confident in trading.
Also, yesterday there was no huge volume spike like there was in other issues, so not seeing much of a reaction in sympathy to the market today is inline with that character. The fact the price is holding in the base does give a potential clue though that the above suggestions hold true, in my thinking atleast.
Charts, page-3105
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Last
$2.22 |
Change
0.130(6.22%) |
Mkt cap ! $421.5M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.28 | $2.13 | $2.145M | 975.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13545 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 32433 | 2 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |