BehindTheTrade

WISH ContextLogic might have found a bottom.

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

1- On June 8th 21 price broke the descending wedge resistence ( daily chart ) with huge volumes. Target for that move is 19.5$. Let's not forget about this

2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence

3- Bullish divergence between prices and RSI in the weekly chart

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