The stock has been in a strong bullish trend since the 1st of July and RSI suggests it is 'oversold'. But, further uptrend cannot be ruled out.

Wise is one of the world's fastest-growing tech companies at the moment, from a technical aspect its current share price rests at £7.21, up 0.92% today. The stock has been in a strong uptrend since the 1st of July 2022, hence towards the upside, the next resitance level sits at £7.49 (lower red trendline) followed by further resistance at £7.84 (upper red trendline). A break above the upper red trendline may see the stock recover more of its losses from the start of the year. However, towards the downside, the first support level sits at £6.81 (correspondent with the upper green trendline) followed by a major support level at £6.15. A dip below the major support level could see the stock begin to lose its recovery mission from recent months. Looking at the indicators, MACD is currently neutral but RSI reads 73. RSI suggests the stock is 'oversold', therefore, a short-term bearish opportunity could be imminent. Although, investors should not take great risks as the possibility of a further bullish outcome cannot be ruled out.