The_Level_Two

WIX bull flag still gaining traction

Long
NASDAQ:WIX   Wix.com Ltd
WIX came out with knock out earnings and formed a clear bull flag on the daily charts . The buy point on WIX for me is 354. I was triggered into the trade last Friday but the pattern still looks good and is still making higher lows. IF volume can push this name higher the first level of profit taking is around 365.

The level of consistency for bull flags increases if that bull flag was formed from earnings . meaning if you get a earning bull flag the trade is more to continue higher.

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