xtf_ze_trader

WTC unable to challenge the FIBs

Long
ASX:WTC   WISETECH GLOBAL LIMITED
WTC aka Wisetech tried hard to go above the 0.236 fib but it was unable to hold that position. This shows that the market doesnt trust WTC is ready for a rally. If it doesnt go below 12 it can be a good place for accumulation and prepare for green days. Atm it is still foggy and Mr market is choppy. Better wait for a better confirmation before jumping in for a long term investment. For day traders it can be lucrative this 10% updown on daily basis.
For RSI believers keep an eye on the divergence it may indicate something interesting.

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