Wisetech Global Limited (WTC.ASX)

24 August 2018

Technical Summary: Woah look at WTC. In March/April 2018 the stock was touching $9 per share. In August 2018 the stock is touching $25 per share. Despite some volatility the buying support behind this stock has been incredible. This has been most noticable in the last two trading sessions where the stock gapped up on significant volume where it has really been a buying frenzy. It is hard not to imagine that there will be some sellers step into the stock now. The real question now is how the stock reacts to these sellers, how much ground it will give up and if it will consolidate.

From $9 to $25 in 4 months

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