Going to the $15? 👆It is going to hit our target, guys! The 13 is a new support for WISH, and the BB are getting tight again! The volatility is diminishing, and soon we’ll see this stock exploding again. Our entry point was around 12.10, and our target is the 15.
The red line is another breakpoint for us, and once broken, most likely it’ll hit our target.
We are almost at the 15, but WISH is a little overbought in the 4h chart. If it loses the 13, the 20ma will hold the price.
In fact, if it drops, I think it can give us another trade, but we’ll see. I’ll keep tracking this.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Contextlogic
WISH ContextLogic Inc. Price TargetsBrokerage firms use ratings when they issue stock recommendations to stock traders.
The usually have 1 year target from the moment the release the Ratings.
On 5/13/2021 Credit Suisse Group Brokerage Lowered the Price Target from $31.00 to $24.00 and Outperform Rating
On 3/9/2021 Citigroup Brokerage Lowered the Price Target from $24.00 to $20.00
On 1/11/2021 JPMorgan Chase & Co. Brokerage Initiated Coverage with a $30.00 Price Target and Overweight Rating
Looking at the volume and ratings, i would expect a short term upside potential!
We are doing good! What's next for us? 🤑Ok, WISH did break the pivot we mentioned (12.10), and it triggered the buy sign! Now we are off to the 15!
Today’s movement was good, but since it was a bit overbought, now it is doing a correction.
The 4h chart is starting to show us a good movement as well, and it is easy to see why the 15 is our target (previous top).
The RSI is a overbought too, but I don’t see this invalidating our thesis. Maybe it’ll correct along the way, but our target is still the same!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Clearing Up Info About the WISH IPO "Share-Lock-Up" Release DateIn an article published June 7th, entitled "ContextLogic Inc. 's (NASDAQ:WISH) Lock-Up Period Set To Expire on June 14th"
MarketBeat told readers incorrectly that "ContextLogic's (NASDAQ:WISH) lock-up period is set to expire on Monday, June 14th.
ContextLogic had issued 46,000,000 shares in its IPO on December 16th. The total size of the offering was $1,104,000,000
based on an initial share price of $24.00. Shares of the company owned by major shareholders and company insiders will
be eligible for trade following the expiration of the lock-up period.
According to the company's 10-K (Annual report) filed (2021-03-25). Those shares were actually released the opening of trading
on the second trading day immediately following our release of earnings for the first quarter of fiscal 2021.
Since First Quarter Earnings were announced May 12, 2021 so shares were released May 25th, 2021.
On 06-09-2021 The stock became the focus of a "Short squeeze" campaign by Wall Street Bets and has continued to be the focus of
attention from investors and option call fans who showed an unusual amount of open interest in both $20 and $30 calls. While there
is some back and forth about whether the stock is actually a good short squeeze candidate, the non-Reddit suits have taken an
interest in the stock because it appears to be undervalued using a number of different value methods.
A "Buy" signal was triggered a few days ago by CryptoFundeManager's
Buy and Sell Perfect Entry V2 Indicator & Confirmation Entry Indicator and despite some heavy profit taking after the recent run-up,
bulls have not let the bears take share prices lower than the 10-Day Moving Average. In fact. the stock was the number one most
discussed stock on Wall Street Bets on Thursday and Social Media interest continues on Friday.
WallStreetBets' #Apes and Bulls are expecting the stock to begin ascending on Monday after there appeared to be a triple bottom indication reached during intraday trading the last two sessions.
WISH stock went up 86% in 2 days!WISH stock went up 86% in 2 days! Currently hovering $10.50/share. We're likely to see incoming short-squeeze play in days/weeks ahead.
Still decent level to accumulate.. Our own projection is that WISH will test $15 resistance level again. Once it maintains $15, we're likely to hit $18, then if short-squeeze is in progress, we're looking past $25/share on WISH.
This is not financial advice, your trades can go to $0.00. Do your own research!
WISH upon a star?WISH looks like it can go higher here, it has big short on it @ around 11-12% of the total float. If it has a better than expected earnings and can build momentum I will look for 100% upside on this trade.
WISHWISH is bouncing from the lows, after Earnings .
"Buy the dip" mood.
Perfect day to jump in if you are planning to.
CCI , RSI and Slow Stoch are coming out of oversold area.
Volume and volarility are good.
1st Target price : 28
2nd: 30-32 area
Save and invest
LazyBull
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Wish (Context Logic)I believe most selling is done, after Wish had its first price discovery and found its top.
Indicators on lower tf show divergence and im expecting prices to go higher before and during earnings (March 8)
