I can't see any technical reason to go short here (doesn't mean there isn't one though). Seems the theory is that because it has run up and has no revenue there is a solid short.
Several times I felt it was going to pull back into a consolidation but I was wrong, essentially jumping at shadows. I've resigned to to use a simple price crossing an ema to manage my trade position.
Running discussion on SP, page-1805
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |