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 $1.27. After, we will get an ABC wave to the upper trend-line. There are two ways of interpreting the chart:
1) The wave that's about to finish...
Wish The Company Suffer From SELL-OFF WITH ALL THE GROWS STOCK Small Caps
Still Have 1.2B In Cash
Have A lot Short TERM Problem
Hyper Grow Stock
1Billon Market Cap Something Like This
P\S To Small
Results were as expected and clearly belong to the previous management team.No no point for the current team to show any improvements. As stated by the newly appointed team the real turnaround results should be visible somewhere in Q2 2022, so for Q1, I expect a Wyckoff accumulation. Retail is so depressed and tired that eventually nobody will be left except...
Wish been in downtrend for a while we might see a reverse closing 15.09$ wave then will update other than this if the company is not going to be close we must see a reversal :) JK
MANAGE YOUR OWN RISKS this is only my opinion
Not a financial advisor.
WISH has been badly beaten down. It appears that we will finally see a 3 white solider candle reversal.
We a looking to get a break through the 50 day moving average at $3.19 however it should form an impulse wave before breaking through. I would expect to see a flag form around the $3 mark for healthy chart movement. If it breaks...
2022 complete inverse of 2021. DEMs to continue to play virus card. Virus is good for e-commerce and we just beat the covid high of holiday retail YoY. Let's see what happens.
I truly see this playing out - WISH is in a zig-zag pattern (bearish). The 5th wave will end when we touch the bottom trendline. The timeline for this bearishness is 4-6 weeks with a target of $1.7-$2. Depending on the time it takes, the equivalent price on the trendline will be the bottom. We will then get an ABC recovery, following our historical WISH ABC...
I'm not an investor in Wish. I merely trade the ride down. As the market is correcting, expect better deals soon. I will love to see WISH at $2, conforming to my ultimate ultra bear impulse count. If that were to happen, it would be near New Year's Eve, touching the trendline. WISH needs good PR ASAP for the bullish fractal to play. As per my last post, I got in...
Technicals ✓✓✓ (multiple divergences)
Short ratio ✓✓
Upcoming changes in platform / CEO ✓✓
Retail psychology ✓✓
Institutions buying ✓✓
Lockdowns possibility after x-mas ✓
E-commerce growth - especially mobile ✓
If these are not enough for you in a $2.5b market cap with $1-1.2b in cash, around $2.5b in sales 0 debt and estimation from management to break even...
$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...
