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...
Technical analysis: 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...
WISH is showing MACD and RSI Divergences on the hourly chart. Russell 2000 is resting on the confluence of 6-month and 16-month support trend lines. Primed for a nice bounce next week.
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...
$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...
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.
Broke uptrend line and starting to fall out of its potential head and shoulders pattern. It still could fill in and see a big bounce upwards
I know this rumor isn`t new, but makes us think a little bit about WISH`s valuation. One person close to WISH`s Insiders said Amazon offered $10 billion all-cash to buy the company, and Wish's CEO didn`t agree. Looking at today`s Market Cap of only 6.438Bil, i would say that from a valuation point of view you can buy it cheaper than Bezos now. My short term...
Wish (NASDAQ:WISH) seems to be forming an inverted head-and-shoulders pattern daily, whose neckline is placed around 15.4 and an upside breakout of this neckline will take the stock to 23 in the near future. I have been accumulating this stock over the past days, ignoring the noise and being focused on the fundamentals and potential of the company.
BlueWave gave red dot sell signal Stochastic RSi was overbought We touched a strong resistance Level
The pullback continues, but the mission remains the same; the fundamentals remain the same. This is nothing more than an opportunity to load up more shares. Reminder: 7.7B market cap. Last quarter revenue: 772 million... This is a stock you hold when you can get it at these prices. I am expecting the local bottom to form at $11.30ish as there is a nice volume...