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FrancescoMerlettini
Dec 13, 2021 1:48 PM

#WISH close to a bullish reversal? Here it is why... is why... Long

ContextLogic Inc.NASDAQ

Description

Hi All, my main 3 take-outs from this analysis are the following:

1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline

2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end

3- In the next intraday sessions, it might be possible to see a further run up towards the 3.95-4$

Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Comments
stonkasaurusrex
First leg down to $3.50 hit, next up to bat is $4. Let's goooo!!!
djimenez2020
Good work!
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