Wirecard Stock Price: WDI gathers traction near €2.40

Wirecard AG remains side-lined below the €3.00 mark on Monday.
The all-time low just above €1.00 emerges as the next support.

Pablo Piovano FXStreet

Munich-based Wirecard AG (ETR: WDI) is posting some decent gains in the €2.40 region at the beginning of the week.

Indeed, following three consecutive daily pullbacks, shares of the fintech company Wirecard AG (ETR: WDI) have started the week on a positive mood, although always trading below the key €3.00 mark.

It is worth recalling that Wirecard AG (ETR: WDI) became the first-ever DAX company to file for insolvency and that the June’s scandal exposed debt to creditors exceeding €4 billion. Also, it is worth recalling that following the fraud scandal and subsequent filing for insolvency, share prices of Wirecard (ETR: WDI) literally melted since mid-June from the €105.00 neighbourhood to levels just above the €1.00 area in late June.

WDI Stock Quote

At the moment WDI is gaining 3.23% at 2.435 and faces immediate support at the all-time low at €1.76 (June 26). On the upside, a break above €9.19 (weekly high Jun.30) would expose €19.80 (weekly high Jun.24) and then €64.76 (55-day SMA).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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