Yes holdtight, unfortunately circumstances have changed in markets world wide in the last few days and of course All Has Changed in every Stockmarket and in every share and your support level about 50% of the high looks about right..but if markets continue to Sell off Heavily ,with the highest debt in history in the Margin Debt in the USA,and with incessant margin calls forcing selling...where will any share stop in this oncoming storm!!??
As I said one can protect oneself to some extent
with Short Bear Funds which can be bought in the Australian Market such as bbus and bboz.
These fund prices go up as the market falls...if you have access to the US market another short instrument is sqqq can help to protect against the downside..this moved up over 6% last night,with an average fall of just over 2% last night in the USA.
I will be using the profits earned from these funds to buy more WBT after the correction has terminated
All the best to All.
Yes holdtight, unfortunately circumstances have changed in...
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Last
$1.92 |
Change
-0.005(0.26%) |
Mkt cap ! $361.7M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.99 | $1.92 | $1.285M | 663.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21248 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 4652 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |