jmorg33

W rejected at Channel retest

NYSE:W   Wayfair Inc
Ive been waiting for this to play out. Even with relative market weakness and lower volume due to the holiday Wednesday and Friday W ripped. Friday it finally retested a breakout of this channel. Obviously it failed and sold off to close the day. It managed to hold inside this golden zone, I’ll be watching for it to push up over $281.74 and then follow the levels back up for another retest. If it shows weakness we can follow it back down to the bottom of the channel. Or play it both ways.
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