Wayfair Inc.
Long
Updated

W: watching for upside momentum to continue

293
Strong uptrend linearity with three days of low-volume sideways drift following the recent gap-up move.

As long as price holds above the 100–94 local support zone, I’m looking for upside momentum to continue toward the next potential resistance levels at 116–130–140, with a possible extension into the 185+ region.

Chart:
snapshot
https://www.tradingview.com/x/j6OTKVWk/

Chart (Macro view):
snapshot
https://www.tradingview.com/x/7B0I0Ij4/
Trade closed: target reached
$W price has reached the target resistance zone outlined in the early November analysis. I wasn’t able to update earlier, so closing the trade here, as price may be starting a swing move to the downside.

Chart: snapshot

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