WISH looks to have broken its 4yr downtrend. Currently about to confirm an ascending channel pattern which is a bullish sign. Maybe a cpl more weeks to see the bounce at the bottom of the channel which should also be confirmed with the sloping RSI trendline bounce.
Worth waiting for the WIX indicator to paint a green DOT and also confirm with RSI and lower...
ContextLogic Inc. (NASDAQ: NASDAQ:WISH ), commonly known as Wish, has announced a groundbreaking agreement to sell its operating assets and liabilities, including its renowned Wish ecommerce platform, to Qoo10 for a staggering $173 million in cash. This move, characterized by industry experts as both innovative and forward-thinking, marks a significant shift in...
First, this stock is a total disaster for every retail holder, including myself. Secondly, this stock is unpredictable since as it seems to my eyes VCs control the game and can do whatever they want... burn it to 0, sell it for $5,$10,$20 etc... or raise capital and dilute. Here are some points to consider though:
1. Descending Broadening Wedge Pattern target...
WISH stock is in aggressive downtrend which I think (hope) bottomed. In the next few weeks if successfully breaking out from that trend, it can be a reversal and change the trend.
Im optimistic because of christmas. And e-shop is improving market, I will wait for breakout and watching retest, if confirmed the trend change it could be a great opportunity.
We are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share...
We are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share...
NASDAQ:WISH The Wish Turnaround Story
Technical Analysis: Triple Bottom
Fun Facts:
- Delivery speeds average 8-day y/y improvement in Q1’23
- Customer order cancellation Rate dropped 56% y/y in Q1’23
- Buyer conversion rate improved by 18% y/y in Q1’23
- Customer retention rate improved by ~10% y/y in Q1’23
Financials:
March 2023 Cash Balance: $379...
NASDAQ:WISH The Wish Turnaround Story
Technical Analysis: Triple Bottom
Fun Facts:
- Delivery speeds average 8-day y/y improvement in Q1’23
- Customer order cancellation Rate dropped 56% y/y in Q1’23
- Buyer conversion rate improved by 18% y/y in Q1’23
- Customer retention rate improved by ~10% y/y in Q1’23
Financials:
March 2023 Cash Balance: $379...
Clearly bottomed over the past few months, down an unbelievable percentage to its ATH (yes, their core business is failing and their NI is ever shrinking)...
However, I could see the pattern above playing out from a technical perspective -- perhaps improved Q2 earnings being the impetus this month.
WISH had a great day to finish out this past trading week.
On the 15-minute day, two highs are drawn as horizontal resistance using the high candles
with the wicks as "tweezer tops" while the support is drawn as a green line at a pair of
"tweezer bottoms"
I see this as a bullish continuation play for next week. A stop loss is set below the support
line at...
One of the most recognized e-commerce brands in the world, for good or for bad. Been around for 13 years, not going to disappear anytime soon. Excellent risk/reward.
$WISH has clearly broken the support level at $1.20
Long target can be 1.20 (in case of pullback to test resistance level)
Short targets:
0.41
0.53
**Don't trade based on my ideas.. you are going to be broke
Small update of previous chart, more lines, quite similar somehow.
A previous gap has been revisited in // to Citron Research tweet post.
Fake breakout over the upper resistance line, it's now back in the big channel.
Yellow line around 1.2$ show another gap which could be visited again.
Disappointing financial results for the last Q.
However Q income appears...
What's going on here?
Probably nothing
Everything is just fine...
Zero-sum game
15b vs 300m
David vs Goliath
Follow the money...
I have 0 clue what's going on! that's pure abstract imagination! Do your own research!
Look First/ Then Leap
Are you all gone?
I am still here...
Summer 21 retail bought high because wish was going to the moon with 0 justification and stock +100% in 2 days with zack morris pump.
February 23 retail sold low because wish was a dead company due to earnings and stock went -50% in couple of days from the citron pump.
I am curious if smart money sold high and bought...
