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...
These lines makes no sense so do not take them seriously at all! This is an abstract painting!!! Runnnnnnnnnnnnn
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...
2 key points with huge volume Do you guys believe Wish is on about to be acquired? Anything below previous lows is an EXIT from the position for me.
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...
Just for fun. Blue candlesticks were copied from SNAP during its bottom in 2018 market correction. Do you guys see any alignment?
Wish Is Great Company Some bad Quarter Don't Say anything about the stock
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'm...
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 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.
We can see wish have been trading closely below the resistance line recently. Last squeeze it did the same and was able to break the resistance. Lets be patient and see what will happen.
Imo the upcoming months till the EOY will be the most critical in Wish history as a stock. Key points 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...
Technicals are solid. Fib Retracement looks prime. Smallest retracement I see possible is $12.55, current price $6.63.
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 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...
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. Momentum is...