The gaps dont help the technicals but there are 2 reasons the SP is going high. 1. Shorts covering - this was the highest shorted stock and its clear that it will survive Covid and most likely come back stronger and 2. WEB seems to be gaining market share. This isnt talked about enough but they went from having 5% of the domestic market to 10% of the domestic market according to the AGM presentation
WEB Price at posting:
$5.38 Sentiment: Hold Disclosure: Held
