A new start for WKT and it's early days after re-listing but the...

A new start for WKT and it's early days after re-listing but the chart shows a not unexpected trading range within the boundaries of the first weeks large red bar, in fact it's reasonably bullish with the lower edge holding. Volume has been high which usually does indicate supply but so far that is being absorbed and the spread of the subsequent bars is quite narrow.

It's fairly obvious the CR level at 11.0 is the level to keep an eye on as this supply decreases. I do have that very old support level at 9 penciled in as a support level and that'll be a line in the sand but it'll take a bit of time and market action to really get a good look at WKT and the markets response. So far, not bad.