yeah mate - I do agree. That's why I was careful to mention the bell-curve is fractal in nature. It repeats and builds upon itself on all time frames.
Being that this thread is about the share price I thought it worth mentioning. In the near term I think one of these curves is going to complete itself for a few reasons: new media hype, chart has run hard, and general market looks to have turned over night.
For those reasons I think the stock - on a technical level - will create a lot of left side overhang/supply where new entrants will be stuck and price will take some time to overcome it. A binary event, such as a fab related announcement will create a new dynamic move and depending where price is a few things could happen. Meaningful revenue is still a while away which will serve as a reality check for those who have not done sufficient research. Significant buying by funds is, imo, still waiting for the waters to clear and to show what kind of money WBT can bring in.
Of-course it might rip up based on the premise that WBT is going to be the next market darling - and that would be wonderful for me personally.
I'm not trying to be negative or offend anyone for being super bullish - I'm looking at the share price and partaking in the discussion. Navigating these times and gains is very stressful when you're sitting on a 900% return and you have to work hard to manage a lot of emotions, expectations and fears.
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Last
$1.99 |
Change
-0.040(1.97%) |
Mkt cap ! $375.9M |
Open | High | Low | Value | Volume |
$2.05 | $2.06 | $1.97 | $1.546M | 769.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7555 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 485 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5037 | 1.985 |
1 | 4901 | 1.980 |
3 | 15750 | 1.975 |
6 | 64959 | 1.970 |
1 | 5000 | 1.965 |
Price($) | Vol. | No. |
---|---|---|
2.000 | 485 | 2 |
2.010 | 14500 | 1 |
2.020 | 14000 | 1 |
2.040 | 14000 | 1 |
2.050 | 27000 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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WBT (ASX) Chart |