W - Double Bottom with Ascending TriangleWayfair looks like it is coming out of a W shaped double bottom and testing resistance.
Close and confirmation above ~$72-73 looks interesting.
W trade ideas
Looking to go up after the earningsIt seems that wayfair is well positioned to go up after the earnings. Selling a 100p would be good next few months out
W - Short Major Resistance LevelLosing momentum coming into top of trading range.
If we market pauses or turns over we could see a massive wash.
Looking for 60, 40, 35. (notice $15 trading ranges)
W ShortNYSE:W
In a bull market a nice short for the first Fib level
Indicator pointing down and 2 candle hits
Short at 72.9
Good luck
$W SUPERBEAR REDBOY INSIDER SELL red alertWe all know BOSS knows wayfair gonna drop RED bear oversold garbage furniture terrible financials! super bear down to 38$$$
Wayfair: Update +25%Wayfair: Update +25%
Strong performance over the week with the share trading within 25 cents of my target.
Original idea attached.
$W breaking out of parallel trendNYSE:W update breaking out of parallel trend, resistance level at gap fill horizontal line. A pull back to the 20 day moving average will be healthy for the stock.
$W parallel uptrend continuesNYSE:W Above all three daily moving averages, bottoming base, now it needs bullish consolidation before it can move higher. parallel uptrend continues
Wayfair (W) - Potential Short SqueezeSpeculative trading opportunity thus smaller positions apply. The idea is based on the current high short interest (~33%) and improving technical structure. A break above $44.80 may fuel short covering which in turn could see upward pressure on the share price. Unfilled gaps at $48.54 and $57.84 remain. Time stop: 31 August 2023.
TRADING LEVELS:
Entry: 44.1800
Target: 56.0000
Stop-loss: 38.2000
Wayfair- Lots of PotentialI am strictly a technical trader so I will stick to the technicals.
Since its IPO Wayfair has had some pretty dramatic bull moves and equally as dramatic bearish ones
It's now setting up for another pretty dramatic bull run..
Do I plan to buy some? No..but that's because my $$$ is already allocated to other plays with similar potential.
Should you buy some? IDK, you tell me :)
wayfair monthly chartthe invalidation for longs would be below the range low/support
keeping an eye on it could be interesting
WIndicators show oversold so I think it's time to go up, but we need to wait untill price go up to 32.68 (entrance).
Take porfit= 35
SL= At or below 31.08
W Wayfair Options Ahead of EarningsAnalyzing the options chain of W Wayfair prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NYSE: WAYFAIR - BREAKOUT - MOMENTUMDo not know much about the stock but technicals are technicals so let’s see if this plays out
W ( Wayfair Inc): Approaching to key reversal zone 24 - 27.5Wayfair stock's price is likely to rebound if it falls into support zone between 24 and 27.5.
Resistance = 65/75
Support = 24/27.5
(NYSE: W) 1H Bull Deep Gartley with embedded Bull ButterflyThis is a pretty setup to my eye. There is a larger Deep Gartley in place that has an unusually shallow AC retracement. Embedded within this larger structure is a Butterfly pattern that has extended to it's HOP. An entry confirmation line was printed some bars ago and price is in the process of retesting/stop-hunting. RSI has turned above 30 and PPO has signaled a buy. It would come as no surprise to see price continue to bounce around here for a spell, but expect a minimal natural harmonic reaction to .236 retrace level before the need to manage the position may arise. Target1&2 are plotted in green. The Deep Gartley's HOP provides the next likely support level should price continue to falter, but a more aggressive stop could be usedbelow the Butterfly's HOP due to the nature of the setup. I compromised, setting the stop more aggressively than is optimal to the Deep Gartley's HOP.
W - strong price actionW had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high volume day.
Since then it had pulled back a little, forming a potential bullish flag. Will the recent gap close soon? not necessarily, if it is a breakaway gap (which usually signify the start of a new trend). Can only wait and see.
Meanwhile, it is worth a shot to go long as long as it starts to break above the bull flag, with initial stop loss placed just slightly below the start of the gap @ 46.70. Trail stop up once the trade goes our way.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$w Good company squashed in with competition and relativity. The goods & services still provide a fundamentally strong stock, where it stock sold strong technically.
Wayfair Inc (Long)Wayfair Inc
Long
Entry at 44.35
Take Profit at 55.74 (25.68% profit from entry)
Stop loss at 36.68
Bearish still on WayfairWe are still bearish on W and the trade worked out quite nicely last time. It is below our major MA's and has a great Ratio of 2.36.
W PUTI think this is a great short.
Entry: 55.80-56.03
1st Target Price: $49-48
2nd Target Price: 43.50
S.L: low 57s(57.00-57.50)
WLooks to me like another 4 day short squeeze on garbage stocks coming up, lots of garbage stocks have the same rangebound pattern going on
When it hits the top blue line I'm grabbing couple of puts for earnings next week. Unfortunately premiums are too high to go big on this. You could probably make more money shorting garbage stocks that don;t have earnings next week.
