After my buy call (reversal trade) on January 11 WISH has exploded higher and is now sitting at the top end of its IPO range. Given its success over the past 3 days I think its prudent to know when and where to at least take partial profits. If this breakout past IPO highs holds that would be fantastic but we have to see how the stock closes today. The level I am...
First off , this company always advertises me the weirdest things So while I was doing my homework on this stock it was hard for me to take it seriously but since JPMorgan who is the only security analyst to keep Tesla price at below 400$ gave this company a price target of 30$ I'm interested. Wish has a few price targets ranging from 22$-30$..
Its showing a...
Declined on daily red bars , but a lot of buying-every bar gapping up on open.
Strong bounce back up to 50 % of the drop , then decline as weak dodji, without making new low, strong day today
On 1 hr breaking above resistance ma . One bar with long tail on the bottom and slow decline and gapping up again.
If it drop back to green scd on 1 hr around 20 i will to...
Wish is down big from its post ipo highs but it looks like it could be setting up for a reversal back into the range (rectangle) and hopefully to the highs at 25. Entry here or at a lower price with a stop below the post ipo lows- 17. The stock is very volatile so I will be trading small but this could be a decent risk/reward set up assuming the overall market holds up.
Alibaba Amazon jd walmart all tried buying this two years ago. Great management ex yahoo google management and other as ceo and board. Huge potential crazy marketing techniques. As ppl say Coca Cola is a billion dollar advertising company. No er yet everyone is waiting low price. Advertising in nba. Most downloaded app in App Store over 100 million users great...
Time to buy?
At least start accumulate some.
This will be the next Amazon?
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.