Maybe.
I originally thought EW, ABC correction which was fine back in the 30's and 40's. But I'm fairly confident today was mainly short covering - will know better tomorrow ... watch the buy side depth - exhausted retail investors even on a good day like today.
Why release the Tweet today? Expectation of Tanz sign off is already in the SP ... maybe because there is no short tern finance news expected.
So worth considering the possibility of H&S as well as EW.
Feels like Graphite plays (whether fire or bat. related) are all likely to be uneconomic short term anyway so no rush.
I've halved my exposure to WKT and taken a position in another G play - probably too early ... just a sideline in the portfolio for 6 months I expect. But I enjoy the challenge of charting WKT as I feel I know it pretty well now.
BTW ... if EW C wave ... no defining washout yet.
Maybe. I originally thought EW, ABC correction which was fine...
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 (20min delay)
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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 |