Unfortunately there is more pain coming
Everyone is still holding and remains bullish about wish future. As i see it now although i previously thought that the bottom was around $4.70 i expect a last gap down movement with an rsi and macd divergence. Upcoming results will be loaded with all the "bad" numbers so the the new CFO and management can show some improvement towards the next Qs. Retail is going to give up here since most of us will have a loss of >-50% and no liquidity and conviction to add more. Unfortunately i also did a terrible mistake in timing this one and i could have got myself a really better average price. This is a lesson for the future to wait for BOLD confirmations when adding a position and also decrease position when things turn south. I still strongly believe that Wish can turn things around but it will be a very painful time period for all the holders left.
"Pain is temporary, it may last for a minute, a day , a year but eventually it will subside and something else will take it place, if we quit however it may last forever"
P.S this is not a financial advice i have no clue where the stock might go, speaking for myself i am not selling short nor adding long at the moment.
"Pain is temporary, it may last for a minute, a day , a year but eventually it will subside and something else will take it place, if we quit however it may last forever"
P.S this is not a financial advice i have no clue where the stock might go, speaking for myself i am not selling short nor adding long at the moment.
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