Wayfair Inc.
Short
Updated

W: High Risk of 25% drop

326
There are 3 support levels along the way. And if they don't hold up, W should go back to 200 sometime in September.
Note
Second target reached.
Note
Second target may hold the line. Let's see.
Note
Second line held strong and bounced wonderfully. But, it could be a dead cat bounce unless W breaks above 300 next week.
Trade closed: target reached
Trade was closed at the second target.
Trade closed: target reached
Third Target was also reached.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.