Our WiseTech (WTC) trading position was stopped out yesterday as the logistics business reversed lower, triggering technical stops as the stock made new weekly lows while the ASX remained firm. In hindsight we may have been too keen to lift stops with WTC trading near $69 this morning!
Our position in Sandfire (SFR) is trading marginally lower this morning after opening ~$16, where it finds support will be interesting.
- No change to our SFR stop at $15.25.
Trade Idea: WiseTech (WTC) short term trade stopped out at $65.70, still bullish medium term
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