Wish has been extremely beat up since it's IPO, the company is throwing off huge revenue streams and I personally believe it's future is bright for a long term hold. However, in the short to medium term I am looking for Wish to form a double bottom in the low $6s, around $6.11ish, and to bounce off of that low breaking the downward trendline in that process. I fully expect it to recover over $9.40 within the next few months.
Do you own DD I am not giving any advice. Final word of caution - the market is in a very precarious spot right now, with a correction potentially already having been started. Might be a better idea to scale in smaller than usual if you want to take a shot at going long anything right now.
Do you own DD I am not giving any advice. Final word of caution - the market is in a very precarious spot right now, with a correction potentially already having been started. Might be a better idea to scale in smaller than usual if you want to take a shot at going long anything right now.
Comment:
Wish looks to have held the double bottom and it's currently trajectory upwards looks fantastic. My plan is to continue to hold to $9.40 unless the market takes a significant downward turn.