The formation of a rounding bottom pattern in Wayfair Inc
. shares has come to an end. The stock’s serious bullish
intentions are confirmed by the fact that it sped up to USD 25 – 27.50, taking it to USD 30.90. The name is rebounding to the breached pattern, with movement turning into a flag, which points to an extension of the trend. Investors can launch long positions with a target equal to the size of the pattern at about USD 45, with stop loss orders beyond the breached boundary at USD 29.
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