My next trade: Buy opportunity in $WIX

After a long time, I feel encouraged to post here again. The truth is that I don't usually use technical analysis, but I can't say that I don't check the charts and trends before making an investment. I'm 90% fundamental investor and 10% technical. I don't invest in a company if the trend is bearish, and I don't sell if the trend is bullish (I learned this with an investment in Alibaba - and yes, there was also the mistake of political risk). Like many people, I started my investment career with technical analysis at 19 years old, seeking to make 3% profit per trade (fortunately, I quickly learned that it's imposible to do that with consistency). Today, with a little more time (I'm doing my full-time MBA), I've been encouraged to make short trades based on technical analysis, so I'm sharing my next entry in $WIX.

I see an entry opportunity in WIX at price levels of 85. Why? Simply, the channel is ascending and is close to touching the fifth floor.

I would exit at price levels of 105 at the top of the channel, with a potential upside of +20%.

*Remember, this post is not financial advise or a buy/sell recommendation. It's for educational purposes only. Everyone is responsible for their own investments.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.