On a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
Text me if you have any questions/comments for me.
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WTC
- First time doing a written analysis on LRK
- Has a nice history of uptrend in the first few years since IPO
- Long sideways movement that lasted for almost a year (blue highlighted area)
- After breaking out of that sideways, the stock again facing another resistance at 54.50 levels (orange line)
- A...
Was looking into smart tech stocks that havent really been loved recently and this one came on the radar. Looking at the weekly chart, its hittings moving averages and bouncing strongly. How i see it is if it gets above $32 this month, then the follow through will see new highs. It is also somewhat of a head and shoulder pattern, but would need to stay in the $24...
ENTRY: 30.65
TP: 32.97
SL: 29.75
- ADX>20 today (4 Nov 2020)
- RSI>60 today (4 Nov 2020)
- MAs are aligned
- Decent volume today on breakup (>10MA) but would like more volume
Here is a global tech company / growth Gem in the shit times ( bargain?)....I 23% increased Revenue, and 197% profit > with more stellar growth pojected to the tune of +55%...With an all time high of $38 bucks, there's retest in the air over 12 months for a potential +55% mark up if get exercised on sold put at $24.50 by 15 OCT. If not stand to keep $500.00...
I have been watching this from last couple of weeks.
Apparently looks like I missed current bull run, but I think instead of going with FOMO, I rather wait for next opportunity.
I am looking for entry position between $19.00 to $20.00 range.
P.S: Please notes these are my own notes for future reference, by no means trading advise to anyone. Please do your own...
WTC aka Wisetech tried hard to go above the 0.236 fib but it was unable to hold that position. This shows that the market doesnt trust WTC is ready for a rally. If it doesnt go below 12 it can be a good place for accumulation and prepare for green days. Atm it is still foggy and Mr market is choppy. Better wait for a better confirmation before jumping in for a...
Wisetech aka WTC might be heading to the 20.6 where it may potentially bounce if that golden fib level is broken next target will be in the 15.6 imho. I will wait and see if it bounces before opening any significant position.
As of my last post I had predicted WTC to bounce at 0.5fib which it did beautifully. Now it has started a new momentum to the upside. It broke the 50MA next target is to break 200MA At around 28ish levels.if that happens i will be looking into the 30ish levels for the TP. I will keep u posted.
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...
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...
RSI is on the long term support since its been in an uptrend and price is right on the 50.
Stop loss could be based on RSI breakdown and retest that puts the uptrend in doubt.
WTC after failing to Break the daily 200MA saw a huge sell off pressure. From this chart I think the next healthier support is towards the 0.5fib. This is a weekly chart. I keep you posted if anything changes.
