WBT 0.34% $2.97 weebit nano ltd

My opinion on the current WBT chart, DYOR.Last week, WBT finally...

  1. 13 Posts.
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    My opinion on the current WBT chart, DYOR.
    https://hotcopper.com.au/data/attachments/3392/3392373-f8236b7bc2d6fee82fd85afa2e9e23f0.jpg
    Last week, WBT finally broke out of the descending wedge that was in place since roughly January this year.
    • Currently, hovering above the 200MA, 50 EMA, 20 EMA on the daily chart.
    • Tested the 200MA on the 15th of July as dynamic resistance but broke above it - hopefully it becomes dynamic support.
    • Tested the 20 & 50 EMA on the 20th and 21st of July, and rejected it - seems to be a form of support now.
    • 20 EMA and 50 EMA crossed over today
    • ~$2.17 seems to be a price where SP will bounce off, hopefully becomes support in the coming days

    Overall sentiment: Bullish
 
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