After Making a double bottom after 33% correction.. Waterbase moving towards breakout Level... Closing with a high volume is positive for this stock.. Two Positional Target 109 and 121.. Not much fundamentals, so use strict SL as per your Risk..
The Waterbase Ltd - 28.12.2021
The stock is trading @ 101.20 levels
let the prices go above 103
there was a hammer @ support yesterday (day's high = 100.95)
stochastic oversold in monthly chart
watch out for the price action
Water base is on a dwindling Descending pattern , with no supports at current levels , further support at 174-160 range, clearly bearish until it breaks the pattern and start moving up .
One can wait until either 174-184 levels to buy or it should break the descending channel.