Not a financial advisor.
WISH FINALLY sees a reversal candle.
*Sigh of relief*
Now we gotta see a confirmation *queue Jordan Peele sweating gif*
I have a previous post that has much more information vs what I'm going to write here. This should be just a real brief update.
Filing the gap is what I'm pretty sure most are interested on here anyways.
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:
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...
Imo the upcoming months till the EOY will be the most critical in Wish history as a stock.
1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well.
2. Are all the...
Not a financial advisor.
I post my thoughts.
So the daily candle wasn't an idea close, personally I was hoping to close over $7.51.
I do have a previous post stating that WISH is coming out of falling wedge pattern - or nearly out of a falling wedge
We saw a textbook Shooting Star candle, rise in price and don't close the day strong - sellers get the price to...
I do not want to get into details about fundamentals etc we all saw wish quarterly results but with some much retail in this stock i was expecting a huge decline, the fact that retail investors all over the web are so pissed about wish and start panicking and exiting their positions is a + for me as i hold a long position.
Now there are some interesting things i...
$WISH Bulls looking for a reversal after the stock tested higher lows first established in early June and following a move from one side of the Bollinger Bands to the other. Confirmation of the "double bottom" could set up a big move to the upside based on an ELLIOTT WAVE "C" expression with a price target above $15.23.
Fundamentals (which have been improving...
Clearly a larger harmonic structure at play here. There's no telling yet what exactly is forming, but I outlined a Bearish Bat pattern to 1) give me hopium that selling will end around $8.15 and 2) with COVID, it's only fitting the chart would form a bat.
We've been in this descending channel for the entirety of July so far. I expect this to...
Not a financial advisor
Mentioned this one last night that I was watching for a recovery today or next week. Have a reversal here on the 30 minute. Waiting on the next candle to confirm that this is indeed a reversal.
RSI tremendously oversold here.
Stoch is perking up signaling strength and potential rally here today. Could see $8's fast today.
WISH is looking bullish as it formed a nice double bottom on the 1hr chart, I believe we should see the neckline break (white line) after the consolidation phase from the resistance break we should see another break on the yellow resistance line.
Play this right, this is a great long-term stock which is what I'm using it for, however, it can be a very good swing...
WISH simple fib retracement using recent lows revealed some levels on the chart. The 786 fib has been a relatively frequent area of traffic for the stock. Meanwhile, 618 fib line was previously a level of support the continued to get tested but didn't break until recently. With WISH testing 618 as short-term resistance last week and 786 as potential support on...
IMO we are running an irregular/expended abc correction after the meme frenzy with wish. In combination with real meme stocks crush what I see is a lot of forced liquidations and retail exiting their positions due to lack of capital ( most of them all leveraged). Take also into consideration the massive options expiration this week.
Therefore I expect a massive...
Wish (NASDAQ:WISH) is a stock that could head higher from Friday's close. This stock is in the process of bottoming and I expect a pop above $11.23 at some point in the coming days. Keep WISH on your radar, as we could be in for a real surprise if momentum picks up and the stock begins to breakout.