$WONDF breakout chartCalled this breakout for OTC:WONDF a couple of weeks back. Continues to ride the uptrend support here. With #bitcoin and #crypto remaining hot, this should continue to perform well.
WNDR trade ideas
WNDR restabilized and trending upWonderfi's 2 standard deviation bollinger band on a 233 SMA pinched within the previous two months. After a positive surprise earnings a few days ago (2023-11-14), the price is now back above the 55 SMA and for the first time above 233 SMA while pushing the upper bollinger band on the 21 SMA. This suggests the price has finally stabilized around the low teens and now moving upwards on both strong technicals and positive news. The next 2-3 weeks will determine if the price will continue to push the upper on the 21 SMA band and if so will target ~0.25 by mid Dec and ~0.30 by Feb '24 or the price will trend horizontally again remaining in the 0.15-.0.20 channel by Feb '24.
Looking a few quarters out, if this company can integrate its recent acquisitions and start to turn a profit it has a chance to rise to the 0.50-0.80 range. Wonderfi currently benefits from a dominant position in the Canadian crypto market having multiple regulated exchanges. Moreover, Wonderfi will continue to benefit from the expected strong inflows into digital assets. However, as more exchanges become regulated in Canada (i.e. Kraken, Coinbase, Gemini, etc), Wonderfi will face tough competition unless it is able differentiate itself to customers and outperform its peers.
There is Hope I got my love for TA first in Crypto, so of course I would want to get in on WNDR,
WNDR is a long hold for me and also one I gather for future plans,
as a new stock we have the opportunity to watch it as time pass and understand how it flows
its also nice that if it plays in the same trendline its only until the end of Feb until it hits 0.005 cents lol
so it has to do something by then lol
but I love the easy to see resistance and support going back up to Feb 2022 prices
lots of opportunity to double up on stocks just by selling and buying.
but that's only if you think Crypto is going make a come back like I think it will in time but mort likely not with out one or two more dips
