We liked WTC’s pro-active actions around AI last week and CEO Zubin Appo’s purchase of ~$1mn worth of stock. Assuming this logistics stock spikes down on the Middle East tensions we like the risk/reward around $42 but this level maybe tweaked during the week.
- We believe WTC has found/looking for a low following its savage ~70% sell-off after the global rerating of software stocks.
Trade Idea: Buy WiseTech Global Ltd (WTC) at $42 stops at $38.50, around 8% risk
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