WISH is now a shadow of the company that was rumored that Amazon offered $10 billion all-cash to buy it and Wish's CEO didn`t agree! Now its value is 3.454Bil and two weeks ago it was even lower. But the holidays are coming and all ecommerce platforms will benefit from that. Except for Oppenheimer, who downgraded WISH to Underperform setting a price target of...
Wish is likely go above previous ATH after gaining momentem. Recent price movement seems like big player joining as if they have insights about next ER. Hold on tight guys, we are about to blast off.
This will have a short squeeze one day but not until it bottoms out in the super oversold region. WISH chart is perfect for examining Elliott Wave Extensions, which occur within impulsive structures. Easy stock to make $$$ on if you know wave theory. My target is the green box! I'm Expecting more downside in the short term before an uptrend...
Just for fun. Blue candlesticks were copied from SNAP during its bottom in 2018 market correction. Do you guys see any alignment?
Not a financial advisor. I post my thoughts. So the daily candle wasn't an idea close, personally I was hoping to close over $7.51. I do have a previous post stating that WISH is coming out of falling wedge pattern - or nearly out of a falling wedge We saw a textbook Shooting Star candle, rise in price and don't close the day strong - sellers get the price to...
We can see wish have been trading closely below the resistance line recently. Last squeeze it did the same and was able to break the resistance. Lets be patient and see what will happen.
WISH had an IPO price in 2020 of $24 and now the price dropped to 7.55usd. ContextLogic Inc. (WISH) financial results or why it went down: The good: Revenue per Active Buyer was $22, an increase of 21% year-over-year ProductBoost revenue increased 11% year-over-year to $50 million Logistics revenue in the second quarter was $228 million, or a 126% year-over-year...
Hello traders and investors! Let’s see how WISH is doing today! It is dropping sharply thanks to earnings. However, is this an opportunity or time to get out of it? First, it is never a good idea to buy anything just because it is dropping. Some drops make sense, some don’t. Either way, in this analysis, we’ll focus on TA, not FA. I like to buy reversals, but in...
Technical: The has recently been on a downward trajectory. A strong descending triangle pattern is forming. If the stock finds the strength to push through to the upside the stock could reach its previous stock price of the high 20s or low 30s. Good risk-reward to the downside as lower support is in the mid 7 range. Fundamental: E-commerce is the future....
Technical analysis: Clearly a larger harmonic structure at play here. There's no telling yet what exactly is forming, but I outlined a Bearish Bat pattern to 1) give me hopium that selling will end around $8.15 and 2) with COVID, it's only fitting the chart would form a bat. We've been in this descending channel for the entirety of July so far. I expect this to...
WISH simple fib retracement using recent lows revealed some levels on the chart. The 786 fib has been a relatively frequent area of traffic for the stock. Meanwhile, 618 fib line was previously a level of support the continued to get tested but didn't break until recently. With WISH testing 618 as short-term resistance last week and 786 as potential support on...
Despite the huge RSI divergence, there’s nothing good going on in WISH now. We are dropping a lot, and nothing here says we’ll stop. I like to think that the time to buy is when it is dropping, but we must do it carefully, always waiting for our chance, looking at the patterns that could change the trend. We have no patterns now, but if we do a green candle on...
$WISH Bulls looking for a reversal after the stock tested higher lows first established in early June and following a move from one side of the Bollinger Bands to the other. Confirmation of the "double bottom" could set up a big move to the upside based on an ELLIOTT WAVE "C" expression with a price target above $15.23. Fundamentals (which have been improving...
I know this rumor isn`t new, but makes us think a little bit about WISH`s valuation. One person close to WISH`s Insiders said Amazon offered $10 billion all-cash to buy the company, and Wish's CEO didn`t agree. Looking at today`s Market Cap of only 6.438Bil, i would say that from a valuation point of view you can buy it cheaper than Bezos now. My short term...
Ok, WISH lost the 10.77 and it hit the support at 10.40 today. This is he best spot if WISH is about to reverse again. Despite the breakout from the distribution, WISH didn’t drop too much like some expected, and it is still above the 10. Now the RSI is very oversold, and it must do something good tomorrow. We are not that oversold I the 4h, but this could be...
It seems the 10.77 is a new support for WISH, while the 11.22 is the breakpoint to change the trend. The fight is intense, as the Bollinger Bands are very tight. To the side it explodes, we’ll see a big move afterwards. For now, WISH is just dropping without any signs of life. Since the risk-reward is very good at this level, I think it is a good moment to...
Just like PLTR, we have an advanced breakout on WISH too, but the price didn’t confirm any buy yet. We are still accumulating, and the Bollinger Bands are very tight. It’ll explode soon, and it looks like it’ll be up. We are bouncing after we hit the 10.37, and we even went outside the BBs for one moment, indicating some fatigue. Again, we have no buy yet, but...
Ok, WISH did exactly as we said yesterday. It is exhausted, and we have many interesting signs around. The breakpoint is the 11.22, we must watch it closely tomorrow! The RSI has a divergence + advanced breakout, just when the BBs are getting tight again! We hit the support as we expected we would, at 10.37, and ow we have the start of a reversal. This is...