We remain keen buyers of weakness in global software stocks into new 2026 lows, at this stage we’ve selected WTC for a Trade, this may change or be added to in the ensuing weeks.
- We believe a further washout in the ASX software stocks is underway, in line with overall weakness in the ASX.
We believe the risk/reward for WTC will be attractive ~$40, with an initial target of in excess of $50.
Trade Idea: Buy WiseTech Global (WTC) at $40 with stops at $36.80, around 8% risk
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