StofAxeCapital

WISH finally gets a turn around

Long
NASDAQ:WISH   ContextLogic Inc
Not a financial advisor.

WISH has been badly beaten down. It appears that we will finally see a 3 white solider candle reversal.

We a looking to get a break through the 50 day moving average at $3.19 however it should form an impulse wave before breaking through. I would expect to see a flag form around the $3 mark for healthy chart movement. If it breaks through the 50 MA we will need to see it hold support above the 50 MA in order to show strength.

As you can see numerous indicators are pointing bullish TSI MACD RSI MOM

This will be the spark to the much needed reversal.

Elliot Wave should be a pattern to keep an eye on.

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