Not much for me to comment on as structurally it's too early.
Couple of points though:
After a big move down with low to no follow through would indicate the primary seller is done.
Price is in a sensitive area where there has been little trading before (price moved quickly through it). I'd expect some noise here.
30week ema is close enough to lend support around the 4.60 area.
There is a swing low to the left where some stops might be placed. A sweep below to take them out wouldn't be unusual.
Just gotta wait it out. I am adding a bit here without trying to catch the bottom.
Charts, page-3747
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Last
$2.53 |
Change
0.020(0.80%) |
Mkt cap ! $479.8M | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.57 | $2.51 | $438.9K | 172.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3853 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 3361 | 11 |
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| Last trade - 13.56pm 16/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |