WE is a textbook bullish bat pattern with more than 40% rally after hitting the entry.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic...
WeWork Long Term TA and. Trend Prediction. Limit Orders at $8.00 level. Take profit around $19-20. Resistance and levels charted. Will purchase common shares and look into options chain if applicable. This is a 2022 long term play.
WeWork, Inc. engages in the provision of flexible workspace solutions. It offers access to office spaces, internet connection, and other shared facilities. The company was founded in 2010 and is headquartered in New York, NY.