I'm inclined to lean into the primary trend re. what direction it will follow. Each time it broke through those trend lines it was supported by it's position relative to the 30week ema (and 5, 10, 20, 50 day emas). Could be a trade setup in that..
Reaching up to the 1.9 area (where I think you've called out as possible?) would likely be price hitting the 50ema day in a few weeks time. In which case a consolidation is due soon (so as to create orders/liquidity to later sweep). I think it's moving with too much intent right now but who knows.
WBT Chart, page-347
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Last
$1.86 |
Change
0.075(4.21%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.88 | $1.78 | $628.2K | 342.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2748 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 4046 | 8 |
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| Last trade - 14.58pm 27/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |