ContextLogic Inc. (NASDAQ: NASDAQ:WISH ), commonly known as Wish, has announced a groundbreaking agreement to sell its operating assets and liabilities, including its renowned Wish ecommerce platform, to Qoo10 for a staggering $173 million in cash. This move, characterized by industry experts as both innovative and forward-thinking, marks a significant shift in...
If you've been a follower of my analyses on WISH, you would know that this stock has been following a downward channel in a grand Elliot-wave sequence. We are coming close to the end of the impulse, which would be around $1.27. After, we will get an ABC wave to the upper trend-line. There are two ways of interpreting the chart: 1) The wave that's about to finish...
I truly see this playing out - WISH is in a zig-zag pattern (bearish). The 5th wave will end when we touch the bottom trendline. The timeline for this bearishness is 4-6 weeks with a target of $1.7-$2. Depending on the time it takes, the equivalent price on the trendline will be the bottom. We will then get an ABC recovery, following our historical WISH ABC...
$Wish Context Logic Analysis NOTES: - Wish is currently at all time low-ATL - There are currently 2 RSI takeaways: -- RSI Divergence is shown on the chart: followed by price correction, white line chart on RSI -- RSI Convergence is shown on the chart last week: will follow by price upward momentum, shown in yellow on RSI TAKEAWAY: - Price will move higher...
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...
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...
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...
The pullback continues, but the mission remains the same; the fundamentals remain the same. This is nothing more than an opportunity to load up more shares. Reminder: 7.7B market cap. Last quarter revenue: 772 million... This is a stock you hold when you can get it at these prices. I am expecting the local bottom to form at $11.30ish as there is a nice volume...
Brokerage 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...