ASAP | Oversold and Time to Enter | LONGASAP, Inc. operates an online ordering technology platform in the United States. Its platform allows to order food, alcohol, convenience, grocery, flowers, auto parts, and others. The company's platform also facilitates access to third parties that provide payment processing solutions for restaurants and other merchants. As of June 30, 2022, it had approximately 27,000 restaurants in approximately 1,000 cities. The company was formerly known as Waitr Holdings Inc. and changed its name to ASAP, Inc. in August 2022. ASAP, Inc. was founded in 2013 and is headquartered in Lafayette, Louisiana.
Waitr
Waitr Holdings is unsustainably oversold. WTRHWeekly chart has been oversold for a while now. There is room for respite before a possible next. We normally never trade B Waves, unless an exception such as this one occurs. Just look at how much space is there to even 0.236 retracement level. It is prudent to assume that B Wave is going to be a shallowest of the shallows, even though a fair proportion of them finish above the origin of Wave A.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Brief analysis on a potential WTRH near-term play.My goal is to make 6%. I saw this opportunity, and through the markups, determined this potential trend. I'm not a professional. Please invest at your own risk.
WTRH Outlook: Updated.Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
Waitr Going up more?!?!?!Waitr currently has a very similar setup to what it had earlier in the year, when it already started spiking but volume didn't spike super hard yet, but right when it hit support volume spiked super hard and the stock went significantly into the overbought.
I think that it is possible that today it will come down to $3.5 or so maybe $3.4, but then have a real strong rally to the upside over the next month. But for this to happen I think we need rumors of a merger again, so this is definitely not a guarantee.
Thoughts?
Pattern I noticed WTRH repeated yesterday, and today.I was wondering if this pattern means anything? Please comment below!!!
Breaking resistanceNo more covid hope are up. So it may be a good idea to be at the sidelines till dust settles
I noticed this. What seems like a wedging in pattern on WTRH.I have been tracking WTRH for a while, and today I noticed this massive wedging in pattern has formed. It supposedly is having earnings coming up. I already own 400 shares. time to buy more maybe? Tell me your opinions!!!
Waitr Holdings Inc. (WTRH) long.All description on the chart.
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