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$2.97 weebit nano ltd

we have been waiting for news of another foundry signing for...

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26/03/24

11:20

Post #: 73059917
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Originally posted by dbd25: ↑

"Given the out standing short position and untested low around 2.70, the huge left side over hang, and general market indecision I'd say the stock has a lot to prove first."

I'd say the company has proven plenty, since the last low around 2.70. That was just prior to the hugely significant DB Hitek signing last October, and the SP has held a support level several times since then around 3.50. The additional positive news that they have released since October should have led to a steady increase in the SP, but I'm guessing the shorters/accumulators have been busy keeping the brakes on the SP during this last ~5 months. Since DB Hitek, they've announced qualification at 125 deg, lifetime operation at 150 deg, first chips at 22nm delivered from GF, and first revenues. The SP is showing all the hallmarks of having the brakes still applied. We may not need to wait for another compression sequence in the charts to start a move upwards, it could happen anytime, probably triggered by news of another foundry signing.

All IMHO, DYOR

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we have been waiting for news of another foundry signing for sometime. wish it would happen.

WBT Price at posting: $3.66 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.97		Change 0.010(0.34%)		Mkt cap ! $560.1M

Open	High	Low	Value	Volume
$2.97	$3.01	$2.89	$1.472M	500.7K

Buyers (Bids)

No.	Vol.	Price($)
1	25627	$2.93

Sellers (Offers)

Price($)	Vol.	No.
$2.97	8118	1

View Market Depth

No.	Vol.	Price($)
1	25627	2.930
2	2659	2.920
5	11033	2.910
3	10249	2.900
2	3532	2.890

Price($)	Vol.	No.
2.970	8118	1
2.980	2200	1
2.990	23000	2
3.000	10880	3
3.010	1603	2

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $2.95			Change 0.010 ( 0.62 %)
Open	High		Low	Volume
$2.98	$3.00		$2.89	85058
Last updated 15.59pm 06/05/2024 ?

WBT (ASX) Chart

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