#study don't underestimate the importance of shakeouts#study don't underestimate the importance of shakeoutsLongby dra.brb2
Weekly Wayfair chart suggesting downtrend in upcoming weeksI have been following W for a while now. Negative earnings, albeit a growing market share and revenue, show that Wayfair still has a while to go before reaching sustainability from an investor standpoint. We should be finding a severe downtrend after finishing an elliot wave triangle with the most recent rally being recognized as wave E. Wayfair has burned me in the past by taking its sweet time to correct, although with recent uptrends in VIX and e-commerce corrections starting to appear (SHOP), I perceive a strong correction coming for W in the next 2 weeks. As for my technical analysis beyond that, I've noticed a pattern at different fib levels showing downtrends after two weekly bars. Also, we see a lone white candle on the daily chart indicating a reversal coming. I would love to hear any other input. ThxShortby petewheela3
W Selloff Coming UpW will go down. Fast. I'd say probably a day before the 18th Annual Consumer Conference on June 19th where Michael Fleisher, CFO, is presenting. Wayfair has consistently trended more negative in net income with every report, with a smaller number of shareholders than previously this year, I expect this bullish wave the come to abrupt stop. I have put options exp: 5/29 (which are selling at a discount) and I expect them to maintain somewhat stagnant at this $108 resistance before a huge sell off causing W to drop to around $70-80. I would love to know what ya'll think about this position. After this strong rally throughout May could Wayfair possibly maintain this momentum? Do you disagree, agree? Leave it in the comments. Shortby petewheelaUpdated 772
Buy the dip in wayfairStock is right now forming a bottom. Between 70-75 dollar stock is a bargain imo. I will buy the dip, over time this stock can go back to 80 dollar and beyond.Longby Nielsagaert0
"Trade what you see not what you think" Bullish SentimentInterest in this market Strong area of support that broke the 83.00 area, area that broke downtrend in November 22nd touched and created another institutional area above. 1-3 risk to reward whilst still keeping an eye on 85s Retail Investors are fearful because of the 4th quarter loss sending the stock down into an area of interest Risk management Cut losses quickly Wait till price action breaches more into the level to buy cheaper Longby AshirDanville0
W Short IdeaFailed to go higher. Earnings around the corner. Overextended on the weekly chart. RSI decreasing.Shortby KAS109Updated 2
Wayfair 6 month history looking goodNot sure how people say this price is high at the moment ... its just a continuation of a up trend..Longby BizkitBR1
Running divergence at breakout point of a falling wedgeRunning divergence at breakout point of a falling wedge. Thanks to @kpac82 for getting a jump on this chart. If you don't follow him already, you need to. Here is his Twitter and StockTwits . Buy: 68.75 Target: 72.21 - 76.79 (5.03% - 11.69%) Longby takemoreprofitsUpdated 6
Technical top approaching in Wayfair - 25%+ downside It's a sell between $68 - $77 per share.Shortby Lanmar6
Next Day Delivery on Negative Equity.Fundamentals are horrible. Company has thrived on low interest rates as they've been able to borrow to cover short term payables. Negative equity is on its way by next quarter.Shortby jpoma13Updated 6
W - Nice breakdown short from $73.07 to $60, $75 Aug puts W seems very good potential earnings play. It hasBig insider selling and weekly options available. Would consider weekly or monthly August $75 puts if we break 73.07. Possible target of 66.00. $70 November puts for possible longer term play.Shortby AcornWealthCorp2
Range BoundAccording to the technicals Wayfair has been range bound for the past year or so. A strictly technical trader would notice the recent consolidation around 38 and likely be thinking prices would rise. However, I do not believe in the business model. Many people like to go into a psychical store before buying furniture, and other already established furniture dealers also have an online presence which is big competition for Wayfair. Combine this with their difficulties posting profits quarter after quarter and I do not see this stock doing well in the long term. Short term we may see a bump back up to 48 or so but long term I would not park my money here Shortby Market_Psychology2
Wayfair W Double Bottom w/Handle BaseWayfair (W) has formed a second stage double bottom with handle base. Volume spiked up the right side of the cup and is drying up in the handle. The stock had a bullish reversal support week the week of February 12, 2016. While Wayfair is not expected to post positive earnings for at least another two years, it has beaten analyst estimates by 40% or more over the last three quarters, and sales growth has accelerated over the past four quarters from 39% to 81%. NYSE:WLongby TheBeeZBee1