The PEAD projected a Bearish outlook for $WIT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
Gaps in price action typically get filled. It's an indication of an overreaction rather than a fundamental flaw with the operations of the company.
Entry. $3.45 S/L $3.30 TG $3.68 12 months Consensus Price Target: $3.46 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
WIT has formed a parabolic uptrend, with multiple touches on the uptrend line. Charts pattern formations include, Adam & Adam, Horn bottom, Diamond bottom, and a possible falling wedge. A triple bottom is also present on the uptrend line.