Reasons for bullish bias:
- Price gave triangle breakout
- Price broke strong resistance
Here are the recommended trading levels:
Entry Level(CMP): 75.55
Stop Loss Level: 47.22
Take Profit Level 1: 103.88
Take Profit Level 2: 121.45
Take Profit Level 3: Open
Wayfair ( NYSE:W ) reported a Q1 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for 45 cents per share. The company reported a loss of $1.13 per share in the year-ago quarter. Net revenues of $2.73 billion surpassed the consensus mark by 3.3%, with the top line decreasing 1.6% year over year. LTM net revenues per active customer...
WAYFAIR has been on the downtrend for quite a bit but recent weekly data is conveying a shifting price trend. The stock has broke its long-standing weekly trendline.
A significant net buying / accumulation has been spotted at the current price range proving the 30 level as a strong order block support. Expect significant price growth from from here on.
Spotted...
Wayfair, Inc. engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company's five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales...
Wayfair is an e-commerce platform for furniture and home goods sold online.
It has had gradually decreasing volatility on the daily chart in a symmetrical
triangle, W is halfway between the past earnings in early February and the upcoming in
May. Price is currently also compressing inside the triangle and halfway between
the mean VWAP and the first upper...
Wayfair is not as big as it was but technically it's one of the heavily shorted name.
As the midcap/small caps started running, W has good entry here.
Started a long position yesterday. will add once I've enough cushion on pullbacks.
Stop loss - 45
Target #1 - 80, 89 then 100
Target #2 - 125
Target #3 - 148
This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints.
Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and...
In a surprising move, online home furnishings giant Wayfair (NYSE: NYSE:W ) has announced a significant restructuring, involving the elimination of 1,650 jobs, constituting 13% of its global workforce. The company's CEO, Niraj Shah, attributed the decision to an acknowledgment that Wayfair had "gone overboard" in hiring during a robust economic period, leading...
NYSE:W
Wayfair Inc. (NYSE: W)
Trend and Moving Averages:
The stock price seems to be trading below its moving averages, indicating a prevailing bearish sentiment.
However, there's a recent upward movement, suggesting a potential bullish reversal.
Support and Resistance:
Bullish Line: Around $45.52, which seems to be a short-term support line the stock is...
Wayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five...
Analyzing the options chain and the chart patterns of W Wayfair prior to the earnings report this week,
I would consider purchasing the 80usd strike price in the money Puts with
an expiration date of
2023-9-15, even though the stock is up in the pre-market today.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
NYSE:W update breaking out of parallel trend, resistance level at gap fill horizontal line. A pull back to the 20 day moving average will be healthy for the stock.
Indicators show oversold so I think it's time to go up, but we need to wait untill price go up to 32.68 (entrance).
Take porfit= 35
SL= At or below 31.08
Analyzing the options chain of W Wayfair prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Posted crap earnings AH, no movement, same as Wayfair this morning.
Shorting garbage may be difficult in this bull market, only short stuff that's bounced up a lot like AMC, lol. I guess we're still in a short squeeze
