BehindTheTrade

WISH - Possible a rebounce today. 1H chart RSI oversold

Long
NASDAQ:WISH   ContextLogic Inc
Hi All, my main 3 take-outs from this analysis are the following:

1- The hourly chart shows RSI in oversold territory with high chances of a rebounce

2- Price might be retesting the resistence at arund 4.60$ in the next days

3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart

Not a financial advice, just personal opinion. Do your own due diligence and good luck!