WBT 0.99% $2.05 weebit nano ltd

Weekly update and it is a really good visual reference comparing...

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    Weekly update and it is a really good visual reference comparing the previous 2 rallies to ATM's.
    Yellow line - rally start.
    Aqua line - MACD cross.
    Black line - 13 weeks after MACD cross.

    Biggest difference other than volume(see previous explanation) is the Money Flow(MFI 14) which at 13 weeks after MACD cross had already peaked and was falling.
    Will the MFI 14 follow suit and fall as before now that the new ATH is in and the top trend line was reached and rejected? Hard to tell but at this point in the 1st rally, which closely resembles this current one, there was a pull back of 28.5%. $2.47 to $1.72 over 3 to 4 weeks.
    Not sure it will reach those depths in the next few weeks but a consolidation is due after a stellar rise from $2 which puts WBT in the top1% of global performance over the last 17 weeks.
    I think the zone between the last high and $4 would look very juicy to our trader friends and 28.5% is around $3.50.
    Of course if the MFI 14 keeps rising or an announcement surfaces all bets are off.
    Ah the share market, can really do your head in at times like these.
 
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$2.05
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0.020(0.99%)
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
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