WBT trade ideas
$WBT - Price target $5.23Weebit 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
Learning TAAny 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 - Trade PlanWBT 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 means trading advice. Please do your own research before entering into any trade.
Weebit sitting on support at $2.50 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 it doesnt concern me unless there is a follow through tomorrow.
Watching Weebit for a break of trendCapital 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.
WBT... Weebit Nano bullish intentions (?)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.
WBT... short term bullish sentiment?Ideas?... welcome. But I'm holding to long, positive on the corporate direction whilst awaiting the catalyst to unfold. But DYOR.
ASX:WBT - Weebit testing the top of the flagStill within the flag, so not a long signal just yet, but MACD divergence is a good sign.
ASX:WBT - Descending wedge and volume increaseWatching 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.
Micro-caps stocks candidatesToday 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, I'd consider the stocks prices below $0.10.
On 7-Nov-2017, the stocks listed as below:
KFE> RT= 1.40 Materials (Dvrsfd Metals/Mng)
WBT> RT= 1.40 InfoTech (Semiconductors&Equip)
POS> RT= 1.41 Materials (Dvrsfd Metals/Mng)
RLC> RT= 1.38 Materials (Dvrsfd Metals/Mng)
CLL> RT= 1.41 Materials (Dvrsfd Metals/Mng)
As there are 4 out of 5 stocks are categorized at Materials, therefore I use ASX 200-Materials index for a market trend comparison.
We have a Market Timing Confirmed Up signal on 9-Oct. Most of the stocks here skyrocketed to new highs.
