WBT 4.17% $2.30 weebit nano ltd

Charts, page-313

  1. 1,411 Posts.
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    The comparison between the the 3 above companies really stands out when you see how the buying/accumulation days and selling/distribution days appear to be in lock step with each other. This has all the hallmarks of sector wide buying and selling rather than being stock specific on the face of it. There could be another reason that will no doubt be controversial and may be pure fantasy on my part but the large spikes in volume of BRN at the top and 4DS's one day mega spike(for no apparent reason) both of which occurred on the 9th Sept that signified the top of all advances including WBT also that day needs some explanation IMO.As can be seen the WBT volume on that day was not very different to the whole advance and its retrace was shallow compared to the other two. It may be wishful thinking but I believe the smart money has manufactured a favourable exit from both 4DS and BRN to reallocate into what I now see as the real value proposition and money making company in the sector in WBT. Looking at how weak both BRN and 4DS in particular have been from a money flow/accumulation perspective compared to massively positive money flow into WBT this would be a very wise trade IMO. If we see buying pick up in WBT but stall in the other 2 this may go a long way to explaining what I found a fairly unusual advance for BRN and 4DS from a charting perspective especially as BRN led the way to IMO dizzying heights. So it will be interesting to note going forward if they remain in lock step or diverge.
 
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Last
$2.30
Change
-0.100(4.17%)
Mkt cap ! $433.8M
Open High Low Value Volume
$2.36 $2.37 $2.29 $1.753M 756.5K

Buyers (Bids)

No. Vol. Price($)
1 11999 $2.30
 

Sellers (Offers)

Price($) Vol. No.
$2.32 5854 1
View Market Depth
Last trade - 16.10pm 29/05/2024 (20 minute delay) ?
Last
$2.31
  Change
-0.100 ( 3.77 %)
Open High Low Volume
$2.34 $2.37 $2.29 115559
Last updated 15.59pm 29/05/2024 ?
WBT (ASX) Chart
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