$WZR: Fintech hype+ Solid uptrend for ASX:WZR by ashainp

fundamental trendline supportandresistance fintech technologystocks banking finance disruptive uptrend asx xao fangstocks

FA,

- FinTech Revolution (WZR left behind while the punters bet on BNPL)
- Loan origination spikes 48% in June 2020. Consistent uptrend
- Wisr Ecosystem up 52%
- 42.4 Million in Cash
- Great vision: Improve financial wellness in Australians.
- Strong support from NAB
- Good management team including CEO Anthony Nantes
- Cool name and logo ( It’s vital for long term success, Ask Peter Lynch)

TA,
- 5EMA and 10EMA above 150EMA
- Bottom trendline of Strong uptrend
- Ascending triangle( WZR has historically broken out higher from ascending triangles)
- Volume consolidation
- Strong monthly level support(white)
- RSI not overbought (RSI<50)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.