rutt

Wisetech - Looking for a place to get in - Confluence Area

Long
ASX:WTC   WISETECH GLOBAL LIMITED
Wisetech is going to report very very well next year. This will likely result in another anticipated run up or a decent bounce. With that in mind, this is my attempt to find an area to buy.

We have strong confluence: Bullish Wedge pattern + possible Double Bottom + key support resistance + Longterm bullish trendline.

I'm looking to buy first bullish candle upper outside of wedge , stop loss just below major support resistance. Goodluck all!!
Trade active:
Bullish Pin bar Just getting to outside of wedge
Comment:

counter trend has broken. I'm thinking If WTC breaks over head resistance we could be headed back to all time highs sometime 2020.
Trade closed: stop reached: Or they could pull a downgrade. Didnt see that coming

Comments

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