Still looks ok on the charts for now. I use 1,3,9,12 months. 5,3,1 days are very much the realm of day traders and those looking for a knife catching week on week reversal. WEB will take time to get back to its real rerated value though I believe there will be a nice % imo (without any negatives) in the next few months and is a great buying opportunity in my opinion for investors with patience rather than gamblers looking for a quick payday. Based on current data anyway.
Today's close was a bit of a suprise for me end of day until I see tonight shorts on Friday added 500,000, so who knows today. I'm thinking someone small is shorting again betting theres going to market turmoil up to and after the US election and hoping WEB is weak due to the last few weeks. That's a bit of speculation on my part.
Anyway I felt tomorrow and Wednesday will be the telling days for direction chart wise from either more stagnant or reversal on the charts indicative direction themselves and still think so, though add Thursday, I hope we can shake the cobwebs off and get a fair go, though it may be a bit of a journey if there's shenanigans.
Right now we're back to base n wait and no confirm or +2 yet of recovery upwards, but thats not a bad thing its just IMO a matter of time.
DYOR - If looking for something that melts in your mouth, eat steak not an ice cube.
WEB Price at posting:
$4.02 Sentiment: Buy Disclosure: Held
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