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W: High Risk of 25% drop
Wayfair Inc.
Short
W: High Risk of 25% drop
By MarkitMaven
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Updated
Oct 18, 2021
1
Jul 27, 2021
There are 3 support levels along the way. And if they don't hold up, W should go back to 200 sometime in September.
Aug 1, 2021
Note
Second target reached.
Aug 4, 2021
Note
Second target may hold the line. Let's see.
Aug 6, 2021
Note
Second line held strong and bounced wonderfully. But, it could be a dead cat bounce unless W breaks above 300 next week.
Aug 21, 2021
Trade closed: target reached
Trade was closed at the second target.
Oct 18, 2021
Trade closed: target reached
Third Target was also reached.
Technical Indicators
Trend Analysis
MarkitMaven
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Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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