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 Context Logic Analysis
NOTES:
- Wish is currently at all time low-ATL
- There are currently 2 RSI takeaways:
-- RSI Divergence is shown on the chart: followed by price correction, white line chart on RSI
-- RSI Convergence is shown on the chart last week: will follow by price upward momentum, shown in yellow on RSI
TAKEAWAY:
- Price will move higher...
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 3.454Bil and two weeks ago it was even lower.
But the holidays are coming and all ecommerce platforms will benefit from that.
Except for Oppenheimer, who downgraded WISH to Underperform setting a price target of...
I dont know how I feel about it but Seems like a good short term play. Could do what SDC is doing. This one is all about timing.
Look at double bottom and rising RSI.
One of the most mentioned stonks on Twitter and WSB. Will it run? I'd like to see that gap fill first, holding small position.
WISH had an IPO price in 2020 of $24 and now the price dropped to 7.55usd.
ContextLogic Inc. (WISH) financial results or why it went down:
The good:
Revenue per Active Buyer was $22, an increase of 21% year-over-year
ProductBoost revenue increased 11% year-over-year to $50 million
Logistics revenue in the second quarter was $228 million, or a 126% year-over-year...
E-commerce is not just Amazon, which, moreover, has recovered from one of the most violent gap-downs since its listing.
There are interesting realities, such as Shopify, eBay , and Wish.
Wish is the most recent in terms of listing, we are talking about December 2020, so just over 6 months of "life".
The price had one of the most classic movements of an IPO: a...
