typical: i wash all longs out behavior.
stock is oversold, rsi shows positive div..
ready for a big up move...
st: 1 or 2 days - evtl. little bit lower, but favouring longs here.
Hi All, my main 3 take-outs from this analysis are the following:
1- I do not agree with those who say that Wish has no upcoming support and that it is in free fall! Not at all! The support is a static one, it is very visible in the daily chart, and it is shown in red. The lower trendline of the descending wedge is actually acting as support and the price is...
I truly see this playing out - WISH is in a zig-zag pattern (bearish). The 5th wave will end when we touch the bottom trendline. The timeline for this bearishness is 4-6 weeks with a target of $1.7-$2. Depending on the time it takes, the equivalent price on the trendline will be the bottom. We will then get an ABC recovery, following our historical WISH ABC...
If you've seen my posts on Wish, I've been bullish and continually calling for the massive gap at $9.42 to get filled. However, Wish and many small to medium size cap stocks have been absolutely slaughtered over the past few months. As far as I can tell, the only selling drivers at this point are forced margin calls, tax harvesting (although I find this one hard...
wish currently in this bearish downtrend channel with not many signs of support! I would not be bullish unless the trend channel breaks.
If we continue this trend the short term price targets before we can expect a bounce are: 2.59-1.35
goodluck! like and follow for more 💘
I had same week $4's, didn't start the week strong so closed those out. Still holding the $3.50 puts I grabbed to cover. Will close out by end of day and move on. This market has been very, very weak.
Hi All, my main 3 take-outs from this analysis are the following:
1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline
2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end
3- In the next intraday sessions, it might be possible to see a further run...
Been tracking this as a beaten down meme stock, that could get some legs again and run. Don't want to risk much, but 2 days ago this touched $3.95. If we start well on Monday, perhaps we can clear $4 next week. Risky, but I'll try a few $4 calls at $0.09 for next week. Could pair with a few $3.50 puts at $0.16, maybe a ratio of 5/1 calls to puts...
Not a financial advice and i am not responsible for outcome of your trade.
This is just an idea that anyone can look into and think about this given scenario in the chart.
Just one probability that might play out.
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3-...
I'm not an investor in Wish. I merely trade the ride down. As the market is correcting, expect better deals soon. I will love to see WISH at $2, conforming to my ultimate ultra bear impulse count. If that were to happen, it would be near New Year's Eve, touching the trendline. WISH needs good PR ASAP for the bullish fractal to play. As per my last post, I got in...
For a long time of declining, only today WISH shows us first reversal cross bar. Also we have bad news today about it in France, so funny read this)
Anyway now we have big resistance as liquidity pool at $3.50 worth about 300 000 $, ones we break it, we will have opportunity to open long positions till $4.60-5.00$ levels.
ContextLogic Inc. operates as an e-commerce company in Europe, North America, South America and internationally. The company operates the Wish platform that connects users with merchants. It also provides marketplace services to merchants.
