Do not know much about the stock but technicals are technicals so let’s see if this plays out
2.3 risk to reward ratio for a quick trade, possible even more upside for long term
Wayfair stock's price is likely to rebound if it falls into support zone between 24 and 27.5. Resistance = 65/75 Support = 24/27.5
This is a pretty setup to my eye. There is a larger Deep Gartley in place that has an unusually shallow AC retracement. Embedded within this larger structure is a Butterfly pattern that has extended to it's HOP. An entry confirmation line was printed some bars ago and price is in the process of retesting/stop-hunting. RSI has turned above 30 and PPO has signaled a...
W had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high...
Wayfair Inc Long Entry at 44.35 Take Profit at 55.74 (25.68% profit from entry) Stop loss at 36.68
We are still bearish on W and the trade worked out quite nicely last time. It is below our major MA's and has a great Ratio of 2.36.
I think this is a great short. Entry: 55.80-56.03 1st Target Price: $49-48 2nd Target Price: 43.50 S.L: low 57s(57.00-57.50)
Looks to me like another 4 day short squeeze on garbage stocks coming up, lots of garbage stocks have the same rangebound pattern going on When it hits the top blue line I'm grabbing couple of puts for earnings next week. Unfortunately premiums are too high to go big on this. You could probably make more money shorting garbage stocks that don;t have earnings next week.
Bullish Wolfe wave. Greeen Furniture Trafficking Laundering
The PEAD projected a Bearish outlook for $W after a Negative Under reaction following its earnings release placing the stock in drift D.
As is with most stocks right now, W is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. While the high time frame demand zone is the most ideal place for a long, It is also possible that W bounces from this area which is the...
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and...
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and...
#Wayfair : BUY LIMIT Entry: 171.54 USD Target: 293.50 USD (profit 70%) Stop: 125.00 USD Number 1 most shorted stock with an attractive price chart is e-commerce home goods company Wayfair. Wayfair shares have a short interest of around 22.5%. Surprisingly, Wayfair shares have lost 50% of their valuation after hitting an all-time high in January. From a...
Wayfair was a darling in the COVID era but just like many others, it jumped too fast and too far. These gaps act like magnets, and I will be a buyer in the 50s. maybe end of this year. Not a recommendation.
Wayfair seems to be at a major long term support level