You can do lots with moving averages - they have been discounted in modern charting as reliable support and resistance indicators so a cross of one with the other is fairly irrelevant.
Plotted on a daily chart the share price has actually gone up since the "death cross" -- proving how unreliable such a method is.
Charting 2.0, page-3026
Add WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.55M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $57.35K | 472.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 243567 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 152117 | 3 |
View Market Depth
| Last trade - 15.55pm 09/05/2024 (20 minute delay) ? |
|
|||||
|
Last
12.0¢ |
Change
0.000 ( 4.00 %) |
||||
| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 12.0¢ | 28593 | ||
| Last updated 15.49pm 09/05/2024 ? | |||||
| WKT (ASX) Chart |