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seanworkingdead
Sep 12, 2021 2:16 PM

CONTEXT LOGIC - DEPARTING FOR TAKE OFF Long

ContextLogic Inc.NASDAQ

Description

Context Logic is looking in fine shape at the moment with a nice bullish technical set up. Since December 15th 2020 when the ContextLogic IPO started trading on NASDAQ we have been forming a descending wedge pattern and recently hit a potential bottom of the wedge at 6.14.

The RSI is oversold on all timelines and we have had a decline in volume since the Reddit hype earlier in June.

I have highlighted in Yellow some support/resistance areas I would like to see the price action break for WISH to rocket to the MOON!

PT: $19.45 - $20.78

THIS IS NOT FINANCIAL ADVICE
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