WISH had a great day to finish out this past trading week.
On the 15-minute day, two highs are drawn as horizontal resistance using the high candles
with the wicks as "tweezer tops" while the support is drawn as a green line at a pair of
"tweezer bottoms"
I see this as a bullish continuation play for next week. A stop loss is set below the support
line at...
$WISH has clearly broken the support level at $1.20
Long target can be 1.20 (in case of pullback to test resistance level)
Short targets:
0.41
0.53
**Don't trade based on my ideas.. you are going to be broke
What's going on here?
Probably nothing
Everything is just fine...
Zero-sum game
15b vs 300m
David vs Goliath
Follow the money...
I have 0 clue what's going on! that's pure abstract imagination! Do your own research!
Look First/ Then Leap
#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish (Bullish Candle)
3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign.
4.There is a chance of CONSOLIDATION and tern...
Life is an adventure that's full of beautiful destinations.
Remember that every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world.
Wishing you many wonderful memories made in 2023.🌟
Dear traders,
This year we faced a lot of obstacles and problems. For many, this year was phenomenally hard.
There is a famous quote by Marcus Aurelius “The impediment to action advances action. What stands in the way becomes the way.”
In any obstacle, there is an opportunity. What we should be doing, we should look at every obstacle that we face as an...
ContextLogic (WISH) share price does not stop recording continuous and severe losses, while WISH share is trading below the $1 level now. While the sharp bearish tone prevails on the stock, as it traded below the short and long-term exponential moving averages.
Now, on the Renko chart, and taking into account the previous RSI readings, we can learn that the long...
If history is any guide...
It can go to $0.69 just for the memes! Wish to the moon! don't try to outsmart Wallstreet just try to think like them.
I have been wrong 100 times with this one! I just don't want to be 100 + 1!
This is what true risk/reward looks like! Everybody is scared to death and the majority sitting at > -70% losses...
Please do your own...
Looks like it is at the peak of this run. The hanging man candle has shown its head. After this run I would expect to see it pull back and consolidate. It may have broken it's downward trend, but it is a bit too early to tell.
Nice trend line breaking on log scale.
If q2 GDP growth is negative, we are technically in a recession.
thus, commodity price will be driven down, and FED could ease up their monetary policy.
Thats nice for the capital market.
Context Logic
Short Term - We look to Sell at 1.64 (stop at 1.79)
A Doji style candle has been posted from the high. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 1.22 and 1.19
Resistance: 1.65 / 1.85 / 2.50
Support:...
WISH is now a shadow of the company that was rumored that Amazon offered $10 billion all-cash to buy it and Wish's CEO didn`t agree!
Now its value is $1.5Bil
But Investors are confident as WISH approaches its next earnings release.
Analysts expect WISH to post earnings of -$0.10 per share, an year-over-year growth of 52.38%.
Instead the consensus estimate is...
If you've been a follower of my analyses on WISH, you would know that this stock has been following a downward channel in a grand Elliot-wave sequence. We are coming close to the end of the impulse, which would be around $1.27. After, we will get an ABC wave to the upper trend-line. There are two ways of interpreting the chart:
1) The wave that's about to finish...
Wish The Company Suffer From SELL-OFF WITH ALL THE GROWS STOCK Small Caps
Still Have 1.2B In Cash
Have A lot Short TERM Problem
Hyper Grow Stock
1Billon Market Cap Something Like This
P\S To Small
WISH hit significant low today with the Fibonacci circle hit and March 1, 2022 results coming in a few days should be a positive for the shares that were at $30+ at its peak.
