If price bounces off support line I will buy on the expectation it will easily hit target 1:$260... If it hits resistance here, sell and take profits however, if there is a strong breakout of resistance line we could see some really nice upside. I am watching closely over the next couple days and will consider buying call options if the right opportunity presents itself.
This is a great Buy Opportunity in NYSE:W
The valuation is dumb here, I am shorting this stock long term at these levels... COVID stocks will sell off into Jan-Feb....
The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action...
MACD and RSI curling up. Strong close and rejection of the trendline/support. PTs: 260, 280
$W Wayfair - Held support at the lower trendline today. High probability of a near term bounce from this level. Earnings upcoming early November. Near term target - $300 (If/when it breaks through the upper trendline, we could see $325 quickly - obviously dependent on earnings reaction) Note: This is NOT investment advice.
Also, the McClellan O has been below 0 for a while now. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Almost a pin bar here on 8 hour and daily chart and at the bottom of the channel. Could be very dangerous for the W which is over-extended with the e-commerce upswing. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and...
RSI showing bearish divergence. Trend line is still intact. Closely watch this to see if the trend line will be broken soon. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure...
Alpha - you bet. This is the craziest chart this year. Dog - this is only quarter on this chart the company has been profitable. All the Fang stocks - this one destroys them all in terms of alpha. 1440% this year bottom to top! With an average price of $84 for the last year its stretched. IF retail opens up at all - Wayfair's sugar high might be over....
W has reached 100% extension target and the impulse move higher looks to be exhausted. The R/R on shorts is good here for a move to the 50% retracement.
You can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much...
Legend Who Called Worst Market Crash Turned Bullish! Buy Wayfair
Monster sized gains since march this one has been on a massive run over 600% in gains! Once this one shifts red I'm taking my shot at it. Lots of bad rep in the media been going viral on all social media outlets. 🤔🤔🤔 Google trends popping off for wayfair currently.
Changed my count up. Looks like a smaller correction at this point.
ALL THE ALLEGATIONS AND CONSPIRACY ABOUT WAYFAIR. PRICE HAS BEEN UP THERE 5 DAYS AND CAN'T BREACH $230 PRICE. EXPECTING PRICE TO DUMP WITH POTIENTIAL TARGET OF $200. CHECK OUT MY YouTube AT NOEFXX.