#WISH close to a bullish reversal? Here it is why... is why...Hi All, my main 3 take-outs from this analysis are the following:
1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline
2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end
3- In the next intraday sessions, it might be possible to see a further run up towards the 3.95-4$
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Contextlogic
#WISH Still moving inside the falling wedge. I am LONG!Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3- Shrt term target is 9.40$ to close the daily gap, while my medium long term target is 15$
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WISH - Possible a rebounce today. 1H chart RSI oversoldHi All, my main 3 take-outs from this analysis are the following:
1- The hourly chart shows RSI in oversold territory with high chances of a rebounce
2- Price might be retesting the resistence at arund 4.60$ in the next days
3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WISH ContextLogic might have found a bottom.Hi All, my main 3 take-outs from this analysis are the following:
1- On June 8th 21 price broke the descending wedge resistence (daily chart) with huge volumes. Target for that move is 19.5$. Let's not forget about this
2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence
3- Bullish divergence between prices and RSI in the weekly chart
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
