Yes Spid - see horizontal line below clearly outlining 11c as a key technical level of support for WKT. It has been protectant wedged for dear life in recent times…
Could go either way here. Has bounced off this level multiple times since July 2023 whilst the BMCG deal was still in play. That’s the variable now. Since their deal was pulled, they no longer have any benefit in protecting any potential future issue price. Not to mention the huge level of supply they still hold which will be distributed into the market. So much overhead pressure ahead which leads me to technically believe the price will break down below the 11c key support zone.
Yes Spid - see horizontal line below clearly outlining 11c as a...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $10.71K | 83.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69810 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 43105 | 2 |
View Market Depth
| Last trade - 15.58pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.5¢ | 8651 | ||
| Last updated 15.24pm 03/05/2024 ? | |||||
| WKT (ASX) Chart |