Wayfair Inc.Long
"Trade what you see not what you think" Bullish Sentiment
Interest in this market
Strong area of support that broke the 83.00 area, area that broke downtrend in November 22nd touched and created another institutional area above. 1-3 risk to reward whilst still keeping an eye on 85s
Retail Investors are fearful because of the 4th quarter loss sending the stock down into an area of interest
Risk management
Cut losses quickly
Wait till price action breaches more into the level to buy cheaper
Strong area of support that broke the 83.00 area, area that broke downtrend in November 22nd touched and created another institutional area above. 1-3 risk to reward whilst still keeping an eye on 85s
Retail Investors are fearful because of the 4th quarter loss sending the stock down into an area of interest
Risk management
Cut losses quickly
Wait till price action breaches more into the level to buy cheaper
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