Webis Holdings (LSE:WEB)
Some shares are like politicians. Every now and then, one comes along which you’ve never heard of and, for a brief moment in time, you think they might be interesting. Webis (WEB) are unlike politicians though as it looks like it might actually prove worthwhile.
Until a flurry of emails asked us to run some calculations against this mob, the share had not appeared on our radar, but a glance at the chart for the last 10 years suggests it showing some realistic potentials.
Goodness knows, the last four years were spent in purgatory with the price exhibiting an “ultimate” bottom target prefaced with a minus sign.
As always, we take some hope when an item remains trading and also manages to resist the nasty magic trick of ‘consolidation’, turning a vile share price into something which sounds less vile unless, of course, you were one of the suckers who bought at a historical high…
The blue line on the chart bears some scrutiny as it actually dates back to the year 2000. With movements in the last seven sessions strongly propelling the share above blue, we’re now looking for growth bettering 7.8p proving capable of reaching an initial 10p. If bettered, our secondary comes in at 11.5p, but there’s a caveat which may prove important.
Across the top of the screen there’s a light blue downtrend which dates back to an impossible sounding 1993, and it creates a scenario where positive news could easily drive this share price to 21p.
However, to get real, for now our best hope is 11.5p. To spoil optimism, it needs a fail below 5p as this would place the price in danger of returning to 2017 levels.
Source: interactive investor Past performance is not a guide to future performance
Alistair Strang has led high-profile and “top secret” software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know “how it worked” with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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