no one knows if the price is going up or down on any given day but you have confidence that buying here is a sure thing, presumably on a higher time frame. How could you guarantee a return to someone buying here? when are they selling to make this profit?
This is a technical thread and technicals are for managing risk. Speculating on direction using fundamentals or otherwise is still speculating and there are no guarantees outside of managing your position against some form of beliefs.
And if there are shorts here wanting the price to go down there sure is an abundance of longs wanting it to go up. Who is in the right place of moral high ground to have their desires be louder than the others? End of the day I don't think the market cares so using some kind of analysis to be on the right side of it is a more worthwhile and interesting a discussion.
no one knows if the price is going up or down on any given day...
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Last
$2.96 |
Change
-0.100(3.27%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $2.96 | $1.630M | 544.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13888 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2552 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.100 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.96 | 98253 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBT (ASX) Chart |