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UnknownUnicorn2137805
Oct 19, 2018 11:24 PM

ASX:WBT - Descending wedge and volume increase 

WEEBIT NANO LTDASX

Description

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.

Comment



Still tracking inside the wedge waiting for a crossover. Volume remains strong, but the MACD crossed a few days ago, so expect this one to continue lower.

Trade closed: stop reached

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