WZR 3.23% 3.2¢ wisr limited

It's a question of how reliable is the DCF model for current...

  1. 473 Posts.
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    It's a question of how reliable is the DCF model for current valuation. At the end of the day the market will decide but as long as the loan book keeps growing at the pace it is you would assume the valuation / share price will continue to rise.

    In terms of basic technical analysis - counter trend move potentially coming to an end as price action reaches apex of descending triangle. Also price currently hugging 20EMA at breakout point and good consolidation over last few weeks which suggests a stronger probability of a continuation of the uptrend.
    High probability of breakout next week. If price closes above 16c, high probability of the long term upward trend continuing. Needs to break through resistance at 19c.
    Potential double bottom gives a price target of around 25c.

    I would think price will hit resistance at 19c, possibly hunt take profit orders slightly above. Return to support trendline before retesting resistance at 19c again and with loan book growth update from quarterley (31st Oct) push through to the 25c-30c range if not already there. Test new support at 19c before coming into a range again(19c-30c) before next leg up.

    Apologies for the brain dump. Just excited by what this company is doing. And the experience of the board.

    All IMO

    Looking forward to this week!
 
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Last
3.2¢
Change
0.001(3.23%)
Mkt cap ! $42.56M
Open High Low Value Volume
3.1¢ 3.2¢ 3.1¢ $10.93K 350.0K

Buyers (Bids)

No. Vol. Price($)
6 756143 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 115366 1
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Last trade - 11.00am 20/06/2024 (20 minute delay) ?
WZR (ASX) Chart
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