I can't see how any money can be made from trying to trade WBT right now. The SP is moving in a very narrow range, the bollie bands have not been this compressed since mid 2020. Who could be bothered trading a few pips ? Strangely, the SP seems to be sitting between a couple of support levels at ~$2.50 and ~$2.00 that were established throughout 2021-2022. Why we are back there after so much news is anyone's guess. Even stranger is why new shorts are apparently being taken out at these levels (over the past 6 weeks). There can't be much left in them at these low prices and they will need to exit in big hurry if big news drops, or risk losing big time. I don't even believe the short statistics anyway. Who would trust shorters to report accurate statistics of their positions ?
All IMHO, DYOR
WBT Price at posting:
$2.30 Sentiment: Buy Disclosure: Held
