Bullish momentum on this stock, as we break towards the IPO highs. This is largely because Wise plans to move their primary listing to America. But let's not get caught up in the excitement here and analyse the charts and the financials. Looking at the financial statements of this company, they’re not expanding profit margins as they aggressively cut their fees to fuel their growth. Furthermore, the technicals suggest the final wave 5, a bearish ascending channel and a potential double top - I’m not convinced this run is sustainable.
So no, it’s not wise to invest right now. Personally I’d remain patient and wait for a better entry.
Not financial advice.
So no, it’s not wise to invest right now. Personally I’d remain patient and wait for a better entry.
Not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.