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.
I can't see any technical reason to go short here (doesn't mean...
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Last
$2.14 |
Change
0.010(0.47%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.16 | $2.10 | $806.6K | 378.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 284 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 12998 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |