Long
Wish soon oversold
Hello, since the wish pump and dump im watching the stock sometimes and i think soon will be a good trading opportunity as
i think it is trading in a channel and soon approaching support. could be an easy and fast 2x trade setup.
Taking entry´s and take profits (tp) as drawn with a stop loss.
Fundamentally im bearish on wish/contextlogic but nonetheless it will soon be oversold and have a correction.
Maybe it even breaks out of the channel, personally closing the long at channel resistance completely tho as im not confident in that outcome.
Be careful when "memestock" trading and only invest what you can afford to loose and DYOR :)
I wouldnt hold wish longterm, just a swing trade idea of mine here.
Please leave a like =)
i think it is trading in a channel and soon approaching support. could be an easy and fast 2x trade setup.
Taking entry´s and take profits (tp) as drawn with a stop loss.
Fundamentally im bearish on wish/contextlogic but nonetheless it will soon be oversold and have a correction.
Maybe it even breaks out of the channel, personally closing the long at channel resistance completely tho as im not confident in that outcome.
Be careful when "memestock" trading and only invest what you can afford to loose and DYOR :)
I wouldnt hold wish longterm, just a swing trade idea of mine here.
Please leave a like =)
Note
will lower buys and stoploss so that they align with channel supp over time in case this takes some more Days/Weeks to get to suppNote
i would still buy channel support, currently at 1 usd
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