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.
believers keep an eye on the divergence it may indicate something interesting.