Charts, page-3626

Or maybe “SOON!” was already real qualified by the caps and exclamation marks?

Whatever, $6.60 came way sooner than I expected and even with my ‘late to the party rebuy’ I am currently up 22%* and that’s very yummy thank you Saragian!

Thanks for sharing your charts and technical 101 expectations, and I am extremely pleased I came with you!

cheers

*In case it’s not already been shared, Brooke at [Motley Fool (link)] wrote yesterday that those onboard since the end of last year were already up by 90% before today’s jump!

.. “This year has been a big one already for ASX tech share Weebit Nano Ltd (ASX: WBT). It’s leapt 90% since its final close of 2022.​

That has seen it rise from $3.25 then to trade at $6.18 at the time of writing. Not to mention, that’s more than double where it was trading this time last year.”​

Spoiler : More from that story here

Brooke Cooper
Published February 20, 3:42 pm AE




……So, what’s been behind the tech outfit’s massive gains? Let’s take a look.
What’s going right for the Weebit Nano share price?

Not only has 2023 been great for the Weebit Nano share price so far, but it’s also been an interesting one for the company. In fact, it’s on track to potentially post its first revenue this year.

The company opened the year by revealing it had taped-out demonstration chips integrating its embedded resistive random-access memory (ReRAM) module in a 22 nanometre fully depleted silicon on insulator process technology. Its share price rocketed 7% on the back of the release.

However, the market didn’t respond so well to the company’s quarterly report, released in mid-January, sending the Weebit Nano share price tumbling 5.6%.

Within the report, the company noted it’s in discussions with multiple tier-1 fabs and key customers that have the potential to bring about new licensing agreements and orders.
It was also on track to surpass numerous milestones in the coming quarters, including the completion of technology qualification with partner SkyWater and starting to scale embedded ReRAM technology below 22 nanometres. It stated:
Our progress in the first half of the financial year means we are well-placed to productise our embedded ReRAM technology and secure first revenues in 2023.
Thus, investors in the ASX tech share have lots to be excited about this year.

However, not everything has run smoothly for Weebit Nano.
The stock was placed in a trading halt late last month on the back of an administrative error. After successfully seeking court orders, it returned to trade on 2 February.
It’s also worth mentioning that Weebit Nano isn’t alone in its 2023 gains. Many ASX tech shares have rejoiced this year.
After plummeting 34% last year, the S&P/ASX All Technology Index (ASX: XTX) has soared 9% since the final close of 2022.….

Cheers and thank you Maestro!