This name is powerful. Here are few catalysts that can help this go nATH:
1. Spring is here...existing home sales will pickup steam.
2. New culture in home selling is "furnished home".
3. Earning is near.
4. Black Friday type event begins next week (will run for 1.5 days)
You do the math.
Major TL and previous high converge as support paired w/ bullish cypher PRZ. Way overvalued stock, but I think it'll bounce to the .382 retrace at 158 if it doesn't plunge here. Hourly RSI turning up...
Looks like a bull flag on this Ponzi scheme, maybe Fidelity is going to buy all of the shares, lol. Obvious short squeeze.
Not really sure what to do with the gap as far as setting bull flag targets, but I wouldn't be surprised if this thing hit $200.
company reported an increase in sales as well as a surge in active customers, though revealed a wider adjusted loss.
Wayfair generated gross profit of $585 million, or 24% of sales, and recorded an adjusted EBITDA loss of $54 million, narrower than the $76 million expected by...
Extremely overbought - RSI bearishly diverging.
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators....
Wayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W.
That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol?
The only reason...
Like a lot of other stocks, it's settled in at the same price as right after the previous earnings, bouncing back from the liquidity issue after the last rate hike.
It's probably just waffle around here until the next earnings report where they lose hundreds of millions selling stuff at negative margins.
We all know this company has negative margins and won't ever post a profit.
Question is, are the computerz and ETFs still pumping this garbage or is this another bear flag? Market looked awful bullish today, China negotiations Mon/Tues. Let's see how this resolves next week. Looking for entry into some puts on Tuesday afternoon or Wednesday morning.
Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts.
This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes...
Looks like Wayfair had its first day with its head above water for the first time in 2 months. After loosing around 50% of its value from the highs in Oct, things finally seem to be looking up. I was looking, waiting, and watching for the price to break the 8MA, we've been stuck under that line for a month. We broke above that line last Friday, which was a low...