Weebit Nano onto a bull run. Price target $5.23. In respect to Fibonacci extensions and cloning. My outlook is very bullish, cornerstoned by recent company performance
Any thoughts on this? As a beginner, I drew this. I feel its a god entry point if it breaks $4 resistance. MACD indicates good entry point??
Not sure of MA. Looks like the candles are not respecting MA 20 and MA 100.
Please feel free to provide suggestions. Also I am open for any recommendations for platform which will help to excel TA.
Regards
WBT has been consolidating on Support and the recent price action gives confidence that the Bulls are in control and want to take price higher as the price has been unable to break Support. I am bullish WBT and my trade plan is given below:
TP - $2.30 (potential 20% profit)
Stoploss - $1.670 (below the recent swing low)
Please note these are my own notes, by no...
Good entry here if you believe in weebit's product. I personally like the company and have taken a position with a stop at $2.10. Quite a hefty 20% stop, but i dont think it will get below the $2.30 mark, and if it does, it wont stay lower then that for long. Its a strongly backed company and i see good upside in it.
A fair bit of selling volume as well today, but...
Capital Raise at $1.70, pretty strong resistance at $1.80. A break of trend will see $2 hit and some positive news will have a good push to new highs.
2 options, wait for trend line to be broken, and buy in with a stop loss at $1.80, or buy in now with a stop loss at $1.70.
If it closes above $1.95 on the daily, also very bullish for next week.
Short term bullish sentiment with a little consolidation period perhaps to follow. I'm now holding stonks, with slightly long view, able management & some possible tech catalysts to unfold early 2021.
Watching this one closely for a potential trade.
I'm looking for a breakout of the descending wedge. It's caught my eye not only because of the increase in volume.
For those like me that also look for quality companies when using TA, Weebit Nano have released some positive news on their progress. I've been a bit surprised there wasn't a bigger spike on this one.
Today I am going to introduce a special search called "Ballistic New Highs" if you have GUTS to play micro-cap.
This search finds all stocks hitting a new 52 week price high in ASX. The stocks are sorted by Closing Price divided by Stop Price. The stocks that are at the top of the list have a closing price well above the Stop Price.
To consider a bottom entry,...
