there are a lot of possibilities for the outcome after their yearly report.
looking at the optimistic side of the view, if the company publishes a clean sheet (which a lot of people expect) wirecard could shoot up above 100, perhaps to 110. seeing that there is a resistance line as well.
on the other hand, if everything goes wrong the stock can have a harsh pullback to 80, and if they break through the support line, the next one would be at around 70 ish.
considering wirecard finds itself in a downward channel, it has a strong support and resistance line (orange diagonal lines). so if the stock breaks one, it would show a new trend line for the next few months.
feel free to comment down your opinion about wirecard :)
looking at the optimistic side of the view, if the company publishes a clean sheet (which a lot of people expect) wirecard could shoot up above 100, perhaps to 110. seeing that there is a resistance line as well.
on the other hand, if everything goes wrong the stock can have a harsh pullback to 80, and if they break through the support line, the next one would be at around 70 ish.
considering wirecard finds itself in a downward channel, it has a strong support and resistance line (orange diagonal lines). so if the stock breaks one, it would show a new trend line for the next few months.
feel free to comment down your opinion about wirecard :)