If you follow Jim Cramer lately, he says Sell sell sell on this stock. I dont even know this exist. but we all know inverse cramer. Trade base on your own decissions. This Stock might go bullish without second thinking of manipulation and charts fundamentals. Follow for more
First, let me say that earnings can be a gamble. I will be keen on watching what happens to $WRBY on their upcoming earnings. With upper and lower trendlines converging, as well as the fact that this low floater (88M) is also a high short(19.5%), I feel like this eyewear maker should be makking a pretty big move soon. Whether it is higher or lower is still to be determined
Since WRBY become public it has traded in a tight range given the popularity of the name Recently we have started to see a seller holding $54 that is now starting to show his size on the offer looking to get taken We will be looking to buy through that offer and add through the IPO high with a stop vs the IPO low
WRBY is setting up for a move to take out its IPO Now usually the risk tends to be in the 5-10%+ plus range for most recent issues yet WRBY is giving us a trade set up through that high on tight risk