The last few weeks have seen some new events on the daily price chart:
Following the corona dump in March, WEB hit resistance in June at 4.92 (green line). After consolidating for a few months, it gapped up on November 10th to cross above that resistance line.[1]
This has been followed by a cross above the 200-day Exponential Moving Average (yellow line) a few days ago.[2]
Looking to the future, both lines (and the gap under the June resistance line) will be tested to see if recent price action is a fakeout...or the beginning of a rally...
Chart - WEB, page-18
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Last
$9.05 |
Change
0.035(0.39%) |
Mkt cap ! $3.551B | |||
| Open | High | Low | Value | Volume |
| $9.00 | $9.10 | $8.99 | $2.831M | 312.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 6318 | $9.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.05 | 6779 | 20 |
View Market Depth
| Last trade - 13.34pm 10/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |