wouldn't be making any predictions at the minute as it has broken from it's range. These breakouts fail often enough due to various reasons such as background markets or supply and demand switch. However they ideally run if you're trading them.
Things to watch for are whether volume picks up in the coming sessions, are pull backs short lived and then continue on, will a days session make a big low then reverse (hammer candles).. etc. Right now though it's just a wait and see situation. It has broken a major trend line and has a huge short interest.. Kinda obvious where its wanting to go given current known information.
Chart below is flipped to better illustrate to a predominately long biased audience.
wouldn't be making any predictions at the minute as it has...
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Last
$2.00 |
Change
-0.230(10.3%) |
Mkt cap ! $377.8M | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.20 | $2.00 | $2.055M | 997.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 46342 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 1909 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |