WE WeWork potential Short Squeeze at All Time LowWE WeWork reached $1.05 and there were a lot of calls added at that level.
They are either aiming for a Short Squeeze or a potential Buyout, in my opinion.
WE 52 week range: $1.05 - $130.80
I think we might see at least a 2X bounce from this level.
Looking forward to read your opinion about it.
Wework
WEWORK is working its way UP to series of PRICE GROWTH soon!WEWORK is registering significant volume increase this past few days / weeks with net buy volume surging 100% from 30M to 70M. The sudden spike is conveying that buyers are definitely back in the zone -- positioning on the company's upside reversal play in terms of technical and fundamental aspect.
KEYNOTES:
Unusual Histogram gap jump hinting of buyer's buying spree.
First bubble up volume appearance in 4 months, last one was in February 2023.
Weekly descending trendline break.
Risk Reward ratio on this is significant.
Be guided that the company's current fundamentals is still muted. Factor it in your trades.
TAYOR.
Safeguard capital always.
FUNDAMENTAL / FINANCIAL NEWS:
By Commercial Observer
WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses
WeWork saw strong(er) earnings in the first quarter of 2023, but it’s still seeing $299 million in net losses.
The coworking giant saw an 11 percent increase in revenue year-over-year, according to an earnings report released Tuesday, amounting to about $849 million with net losses down and fundraising efforts yielding about $1 billion.
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Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 849M 10.98%
Net income -264M 39.31%
Diluted EPS -0.34 40.35%
Net profit margin -31.1% 45.3%
Operating income -185M 53.4%
Net change in cash 7M 101.73%
Cash on hand - -
Cost of revenue 150M 1.32%
weworkpossible price structure for wework, the a falling wedge pattern forming and i expect a breakout in the coming months, also notice the volume
It's FLOW!!! oh, not that Flow..
Earlier today, you might have noticed a short lived Pump on BINANCE:FLOWUSDT
a16z announced it's investment in Flow, a new startup by Adam Neumann (WeWork), same name, no relation to BINANCE:FLOWUSDT
The importance of due diligence before entering a trade.
I'm still following my original idea (linked below) for BINANCE:FLOWUSDT , slowly moving take profit on the short trade.
NYSE:WE
Wework bounced after ER but yet to be optimisticWE is a textbook bullish bat pattern with more than 40% rally after hitting the entry.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic about.
For me it's more like a normal trading story that a trader can't accept failure so try to refund and refund to avoid margin call,
sometimes you may get some bounce to make your account a little bit relieved.
While if you keep on doing this, it's more likely that one day the trader would encounter a major breakdown.
8-10 is the major resistance level that I'll have an eye on short opportunities.
Let's see how it goes yo.
