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ThomasHa
Dec 15, 2019 12:17 PM

WTC POTENTIAL BUY OPPROTUNITY Long

WISETECH GLOBAL LIMITEDASX

Description

WTC share price has declined sharply in recent months and is now nearing the 100 EMA line. The current price of $24 coincides with the previous support level and 50% Fibonacci retracement. Looking for the sign to buy around this price level.

On the fundamental side, WiseTech Global has a low level of debt and a cash asset of 260M while the total liability is only 169M. Its financial position is strong.
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