Chart has several mean regression algos running the price around. The volatility is very appealing and price seems to move with little effort.
Price action is very much in sync with past behaviour, short term RSI (bottom) showing the extreme over sold condition which has happened three times before.
I don't think we will observe the prior swing low (25 May) get taken out, but instead a tightening up as the pull backs are not having the same degree of thrust behind them. I still see the next liquidity gap at $8 being a reason for price to run up - after that I won't presume to know what will happen but the options are a double top or breakout from a base. Said base would ideally be a lot tighter than it presently is.
Lowest liquidity gap is around 5.48
Chart has several mean regression algos running the price...
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Last
$2.43 |
Change
-0.020(0.82%) |
Mkt cap ! $458.7M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.49 | $2.38 | $1.652M | 680.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11837 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 25000 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |