Wix.com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a...
Big volume on a down day in existing downtrend. CCI is hot. Its been giving good shorts when it signals. Looking for this to stay above the blue trend line. Might back-test today.
NASDAQ:WIX
Taking a small long position on WIX, a website building platform.
Price action suggests a short term recovery, based on my own proprietary indicator, as indicated by the white arrows.
Will accumulate if the thesis pans out.
Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and...
This chart looks bearish to me (short term could be bull to 250ish though).
I am seeing us in a WXY correction that could see a rally to 250 before the final leg down for our supercycle wave II. 100% extension confluence here with the 61.8% retracement puts the II bottom at 165. That likely will happen when the indexes actually top (reference my SPY, QQQ, IWM...
Hello fellow traders and investors, in this post I will be covering each of the stocks I'm watching for this week including Pinterest, Tattooed Chef, Wix and Lemonade.
1. TTCF
2. WIX
3. PINS
Note: TTCF is known to be volatile so make sure to size your positions accordingly.
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Description: WIX is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $313.7 - $335.7
2. Take profit: $425.75
3. Stop Loss: $302.35
4. Risk To Reward: 1 / 4
5. Accuracy Rating: 96%
If WIX can get to 295 and hold it, then I will be watching the volume on the 5 min
Higher highs and higher lows after holding 295, I am getting into options.
Target is 30-50% gains.
I pay a little more for more time in options to remove one variable of pressure.
I missed this once and do not want to miss the play again. But wait for entry to present itself.
WIX came out with knock out earnings and formed a clear bull flag on the daily charts. The buy point on WIX for me is 354. I was triggered into the trade last Friday but the pattern still looks good and is still making higher lows. IF volume can push this name higher the first level of profit taking is around 365.
The level of consistency for bull flags increases...
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 468.34$
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Daily descending triangle is a good pattern you should learn how to trade it.
It's very profitable and authentic pattern that rarely fails .
It looks higher too but honestly , the market condition is not good "currently " for a long sentiment .
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
NASDAQ
