Change of character confirmed with the break away from the prevailing down-trend. Price should search for a new zone of harmony before making a bigger move. I expect a few weeks for this to play out through a proper cup and handle.
- Above average volume on up days, retests happened on low volume.
- 2.36 area likely to be a resistance then support.
- A shakeout might touch down to the overall trend channel (the wider parallel lines on my chart).
I'll be watching for some opportunities to accumulate on pull backs though I am quite heavy on this.
Charts, page-2585
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Last
$2.03 |
Change
-0.065(3.11%) |
Mkt cap ! $383.5M | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.08 | $2.02 | $626.0K | 306.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 34679 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 4452 | 13 |
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| Last trade - 14.45pm 12/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |