On a weekly time frame it is compressing in a triangle which has to be resolved by June - probably on fundamentals.
It can resolve to the upside earlier. It would have to either announce further material news or the market sentiment needs to change.
Market sentiment is currently dominated by geopolitics but also more importantly for WBT by interest rates. If Fed starts raising rates the whole tech sector valuations will take a beating. Geopolitic tensions are at their peak so probably will start resolving in the next couple weeks, interest rates gyrations could go on until mid-March.
My gut feel is that the stock will start going higher towards half yearly report but might get sold down again if it's business as usual and not fireworks in the report.
On a weekly time frame it is compressing in a triangle which has...
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Last
$2.50 |
Change
0.060(2.46%) |
Mkt cap ! $470.4M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.52 | $2.46 | $125.5K | 50.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6911 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 879 | 4 |
View Market Depth
| Last trade - 10.58am 11/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |