WBT 4.94% $2.55 weebit nano ltd

Thought someone would pick me up on the long tail comment as it...

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    Thought someone would pick me up on the long tail comment as it is actually a short tail(candle not shown) which leads to the BRN comparison and action when it breached a 7 yr high at 0.58c. As you can see from the Green arrow above BRN only had one day of sell off after its gradual near 6 month rise. The days trading resulted in a short tail and a finish much closer to the high of the day than the low. WBT's candle today is so close to the BRN candle, except for the finish closer to the high by WBT, it isn't funny.
    Now if you check the WBT chart you will notice that on the wave 1(first green arrow) we only had 1 or 2 in a row red days not 3. Wave 2(red arrow) correction had a number of red days together. Wave 3(2nd green arrow) also only had 1 or 2 in a row red days with the exception of a 3 day pullback on extremely low volume soon after the start. Charts can be read as to the probabilities and the probability that today would end green was very high based on the history of the rally so far. WBT had an extra day down over BRN after it breached the all time high at $2.20 but this does make sense when you see the steepness of the rise over the preceding 7 days. It probably went a bit too hard.
    As you can see BRN put on close to 100% in 3 days from the low. I sincerely hope WBT does not do that and has a more orderly rise as it did not end well at BRN after that. Lower MCap helps WBT IMO. If it does go bonkers though and $1.53 is the bottom a close to 100% rise will be circa $3 as the next likely target. Today could prove to be a very good buying opportunity for those that took advantage. A fall of 0.75c($1.80 $1.05) for the oppies was too good to pass up and hopefully other long term holders took advantage. Very interesting day tomorrow and again check the chart for probabilities.
 
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Last
$2.55
Change
0.120(4.94%)
Mkt cap ! $481.4M
Open High Low Value Volume
$2.49 $2.65 $2.46 $3.607M 1.405M

Buyers (Bids)

No. Vol. Price($)
3 8185 $2.53
 

Sellers (Offers)

Price($) Vol. No.
$2.55 14261 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
WBT (ASX) Chart
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