On the Daily it looks like the the candle sticks has found new support level of $33.52, with a nice higher high action as well. The chart shows bullish trend on the daily and the weekly, with the Stoch also showing oversold.
Looking to buy above $36.
Just thought I would share how I determine my stop losses - and in this example - trailing stops for shares that I buy. I never like to trade without a stop loss and have found that trailing stops are the ones that best protect my capital and keep me in a trade the longest with minimal effort. Somewhere in the 10-20% type range works best depending on what kind of...
Wisetech has been failing to breakthrough resistance for the past 2 months, forming a downtrend on the RSI.
A break above the pocket of resistance at $23.85 would see Wisetech retest its ATH and most likely break it higher.
A break below the local dotted uptrend line should see Wisetech retest it's major uptrend line around $20.
WTC came to my attention when looking through the ASX biggest losers, it is a SaaS company that seems to be high growth and in a clear uptrend (reminds me a lot of Xero and Salesforce).
It seems this 20% drop in the last week was post 1h 2019 report. Clearly it fell short of expectations but if you take a look the growth is still impressive;
- Revenue up 68%
-...
Was determining crossover points on the MA(9,21,200) on Monday 20th. Ellipse green was the key. All good in hindsight. I didn't buy in (darn it). Already holding. :), still watching.
