Hi all, I'm wondering what peoples thoughts are on how WBT might run on another commercial/fab agreement announcement (from a charting perspective)?
The Fab announcement created a massive spike at open with a closing price below open followed by a progressive drop to close the gap. The prior run into the 4's was a more measured albeit very strong over ~5days which was fairly consistent with increases that occurred from 30c.
Was the trading halt and resulting gap the reason for the difference in the share price action?
Reason I ask is at the time I was expecting the Fab news to create a new base in the high 3's before a similar ~5day rise (I wasn't expecting the consolidation to begin day 2).
Cheers
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10 | 51579 | 2.290 |
7 | 35187 | 2.280 |
7 | 35012 | 2.270 |
6 | 72346 | 2.260 |
Price($) | Vol. | No. |
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2.320 | 36065 | 3 |
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