WBT 1.98% $2.06 weebit nano ltd

WBT Chart, page-161

  1. 1,279 Posts.
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    You said one thing there I believe is true .. " the machines will LET this run northward " .
    We live in an age of everyone watching charts who have the ability to make split second decisions at the press of a button .
    Even more powerful machines / computers can make trades and decisions on their own with preset parameters before we can blink .
    So I'm definitely becoming more aware charts are a valuable window into seeing what the big players are trying to achieve .. rather than just seeing what has happened in the rear view mirror .

    Saragian says all the time " and remember it's the closing price that counts "
    And you see it all the time in the after market auctions in the daily share price and what seems to be more important the weekly finish .
    Will be interesting to see if the weekly finish today can breach $2.56 / $2.60 ( will be pleased if it does ) as that might make next week very interesting , if charts are the main tools these computers make most of the decisions on where the share price direction should go .

    One announcement obviously changes everything, but in the absence of that it comes down to investor sentiment and in Weebits case that has taken a bit of a hit , coupled with the shorters ability to put downward pressure on the shareprice via these intelligent "machines " .
    What an age we live in !
    The company itself is brilliant , but in the short term I believe the charts rule the share price at the moment as do the machines .
    Hopefully we pop up on a lot of peoples radars next week as a breakout occurs .
    Aimo
    Dyor
 
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Last
$2.06
Change
0.040(1.98%)
Mkt cap ! $389.1M
Open High Low Value Volume
$2.05 $2.10 $2.03 $830.5K 402.4K

Buyers (Bids)

No. Vol. Price($)
3 12635 $2.05
 

Sellers (Offers)

Price($) Vol. No.
$2.08 2783 2
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Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
WBT (ASX) Chart
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