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$1.87 weebit nano ltd

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smulv

1,816 Posts.

532

26/06/19

10:25

Post #: 39241954
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Originally posted by WilliamD: ↑

There are so many trading strategies out there each has its own merit.

But I couldn't make sense of what I am seeing. Appreciate if you can share your thoughts / theories around it.

1 highest bid oder of $0.49 2.5k shares. 1 ask order at $0.505 56k shares was just added. Normally when I really want to sell (because I've heard bad rumor) or need to (because I need $), I will just wait for the market to open and sell straight to the outstanding bids. I think buy placing a relatively large order of 56k shares (relative to the current liquidity), I will more or less place a cap on the sell side and will likely create panic sells and end up having to sell at much lower price.

So not sure whether the one behind that ask order is a keen seller or buyer instead. The same has been observed for a couple of days now. This is a pure question about trading strategy / reading the market, nothing directly related to fundamentals.

Thanks in advance for sharing your thoughts.

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yeah there is always a sell order cap chasing the price up and down, which is proportionally unrealistic going the illiquidity. This morn is a prime example of that.

WBT Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.87		Change 0.085(4.78%)		Mkt cap ! $349.9M

Open	High	Low	Value	Volume
$1.78	$1.88	$1.78	$717.1K	390.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1023	$1.96

Sellers (Offers)

Price($)	Vol.	No.
$1.81	52	1

View Market Depth

No.	Vol.	Price($)
9	2308	1.860
3	2868	1.855
5	3697	1.850
3	1895	1.845
4	7903	1.840

Price($)	Vol.	No.
1.865	26461	6
1.870	5781	8
1.875	5531	4
1.880	37808	6
1.885	1040	2

Last trade - 15.59pm 27/09/2024 (20 minute delay)

WBT (ASX) Chart