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...
Wisetech has been failing to breakthrough resistance for the past 2 months, forming a downtrend on the RSI.
A break above the pocket of resistance at $23.85 would see Wisetech retest its ATH and most likely break it higher.
A break below the local dotted uptrend line should see Wisetech retest it's major uptrend line around $20.
