WISE PLC - SUPPORT LEVEL - SELLING OPPORTUNITYWise had experienced a surge in share price as the company had collaboration with Standard Chartered banks and Morgan Stanley on using Wise's infrastructure for foreign currency remittance.
The share price had been met with selling pressure when the US stock faced faces a dip.
Right now the price broke through the support level at 973.
The selling pressure in the US market had not subside.
The momentum will continue.
Estimated target price at 717.
WISE/N trade ideas
WISE | Arrived To The Potential Reversal Area!Hi,
A lot of criteria match inside the possible reversal box and it stays between 616-716:
1) The trendline. If this week closes deeper than the previous week then it is a bit weaker and the setup becomes also weaker. So, quite an important week for Wise.
2. Different types of Fib levels.
3. Channel projection
4. Equal pullback waves from the top
5. 700 as the most important prize zone within two years.
Do your homework and if it matching with mine then you are ready to go.
Good luck,
Vaido