Not much for me to comment on, its's playing out as I expected. A critical decision point is coming as we get into the supply zone again. Trapped holders will provide some supply so the path of least resistance for the price will be decided here soon.
We've had a lengthy consolidation which tends to precede the next leg upwards. Volatility contracting and lowering volume is there to see on the chart, and recently we can see a [vol] pick up as we head into the supply zone. A change of character is taking shape but the thrusts upwards are slowing (meeting supply). The more it chews through it the higher the chance of a breakout of the area.
General market backdrop is a bit weak which will have some impact.
Regarding 3rd wave concept - it's not something I overly factor into my trading or investing so I don't feel confident to provide too many thoughts on it. I can observe it more at play in more the mature charts of companies that have transitioned to revenue.
Charts, page-2745
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Last
$2.06 |
Change
0.040(1.98%) |
Mkt cap ! $389.1M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.10 | $2.03 | $830.5K | 402.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12635 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 2783 | 2 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |