I can't see how any money can be made from trying to trade WBT right now. The SP is moving in a very narrow range, the bollie bands have not been this compressed since mid 2020. Who could be bothered trading a few pips ? Strangely, the SP seems to be sitting between a couple of support levels at ~$2.50 and ~$2.00 that were established throughout 2021-2022. Why we are back there after so much news is anyone's guess. Even stranger is why new shorts are apparently being taken out at these levels (over the past 6 weeks). There can't be much left in them at these low prices and they will need to exit in big hurry if big news drops, or risk losing big time. I don't even believe the short statistics anyway. Who would trust shorters to report accurate statistics of their positions ?
All IMHO, DYOR
WBT Chart, page-84
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Last
$1.92 |
Change
0.000(0.00%) |
Mkt cap ! $361.7M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.91 | $396.4K | 205.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 44309 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 9407 | 6 |
View Market Depth
| Last trade - 14.01pm 13/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |