Looks to be nailing in the floor around the 43ema, inside the pivot. I was so concentrated on the daily I neglected to observe the larger cup and handle you've highlighted.
Coming down on such low volume signifies the path of least resistance with little effort is generally a sign of small positions getting stopped or exited. Low volume retests are not uncommon.
Markets are jittery this week due to the Evergrande issue in China so this could protract any further consolidation at the end of the pattern.
I'm keeping an eye out for a reversal and confirmation for a possible trade.
Charts, page-2697
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $436.3M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $611.1K | 262.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29735 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2938 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |