Technical Analysis

The stock was trading at $1.75 at the time of research and we feel confident to reiterate a HIgh-Risk BUY at this level. While most short-term indicators are showing a Sell indication, we are taking a medium-term outlook around a recovery.

WBC looks interesting at these levels as the chart seems to be set for expansion from here. The stock retreated from its recent peak at $20.07 on 12th August to form a trough on 11th September touching $18.30.

Our view is that a capital raise in next six month is imminent. With a market cap of $1.5bn and capital raise could be in the range of $500m-$600m, the probable capital raise price is going to be around the $1.00 mark.

The SPK chart shows another session down could move the stock towards the $4.80 mark which will serve as a good entry point. There is minor resistance at the $4.93 mark.

CWN chart shows the stock has the primary support at $8.58. At the current level of $9.80 it appears that the stock will hold at $9.26 that is serving as the key support for now.

The stock has been moving sideways since May. Now it is at a crucial point where it is trying to break through the long-held resistance at $22.51.

The stock seems to be oversold at $3.30. We see good entry support at this level at $3.28. For traders the trading range remains between $3.30 to $3.55 in the short term.

KMD has declined from its recent highs of $1.29 in July to touch the level of $1.07 on 6th August. The low volume selloff has been pushed mainly by uncertainty around the retail sector. Technical analysis of KMD shows that the stock has key support at $1.

Plexure Group (PLX) is a Mobile engagement software company with 110 million end users on its platform in over 49 countries. Its clients include McDonalds, 7-Eleven, Ikea and loyalty New Zealand. PLX has seen stellar growth of 320% in less than 4 months s