WTC has made a sideways consolidation pattern that suggests price will (should) ultimately break up out of that pattern and move to a target around $41. Price needs to break and close above $34 to be considered a potential 'buy'. Price seems to be on Elliott Wave 5 which, if correct, supports the argument price should at least exceed the previous all-time high of $38.80

WTC 19Jul21

18 December 2021

Having retested a $30 support level WTC moved up strongly last week and a close above $33.35 would suggest a short-term target of $36.90

Edit 21/12/2020 - Media report of short-sellers attack suggesting 'creative accounting' may impact WTC's price.

WTC 18 December 2020

13 November 2020

Price rose to and was sold at target making this a good short term trade. Price may go a little higher but is expected to fall back to the lower boundary of the price channel - where another short-term buy might present. WTC is potentially a good long term hold for trendline trading.

WTC 13Nov2020

16 October 2020

Price is in an uptrend making higher trough and peaks on the weekly chart and is possibly on Elliott Wave 5 which, if correct, suggests price will go back above the previous $38 high. Price rose to resistance at $29.41 at the end of August before retracing back to $26 and then moving up again. A break and close above the $29.40 resistance will suggest a short-term target of $33.25

WTC 16Oct2020


Robert Norman

Phone: 0428 346 951

Sorry, this website uses features that your browser doesn’t support. Upgrade to a newer version of Firefox, Chrome, Safari, or Edge and you’ll be all set.