WBT 0.43% $2.30 weebit nano ltd

Charts, page-4709

  1. 6,587 Posts.
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    Last October just prior to the DB HiTek signing, the SP traded briefly in the range $2.80-$3.20. The day the news was released, the SP closed at $3.32 and it transitioned to trade in a higher range ~$3.50-$4.50 where it has been for the past 5 months. Strange that today on no news, it appears to have broken through the lower support level, even though management have only just confirmed that the collaboration with DB HiTek is proceeding as expected, with everything on track. I guess the SP is now entering oversold territory again, for no apparent reason. It was interesting today that the trade sales in my software showed no less than 57 pages of transactions (unusually high) with very many entries of just single digit trades.

    All IMHO, DYOR
 
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