Almost ready for a bounce?Ew waves are clearly countable on this stock. Has also divergence on the rsi and we are almost near a fib level now.
WISH
WISH finally gets a turn aroundNot a financial advisor.
WISH has been badly beaten down. It appears that we will finally see a 3 white solider candle reversal.
We a looking to get a break through the 50 day moving average at $3.19 however it should form an impulse wave before breaking through. I would expect to see a flag form around the $3 mark for healthy chart movement. If it breaks through the 50 MA we will need to see it hold support above the 50 MA in order to show strength.
As you can see numerous indicators are pointing bullish TSI MACD RSI MOM
This will be the spark to the much needed reversal.
Elliot Wave should be a pattern to keep an eye on.
Wish has been sold & they lived happily ever afterMy latest conviction is that wish has been sold maybe before it even did an IPO.
Here's the game plan
1. VC's that have been to WISH (close to 10 years) needed to do an IPO so they would cash out their position and return the money to the funds, since there is a policy to close the fund 10 years after inception. (pitchbook.com) wish fund series (app.dealroom.co)
2. Because they had a very big position they had to find someone to buy their stake ASAP so they did the reddit/short mania thing that we witnessed on June. Peter Thiel's fund was the one that sold everything and if i am not mistaken 100m shares.
3. Then retail jumped in and they burned everyone's options to the ground month after month, at the same time time institutionals start loading more and more. I will wait for the latest report to see how much they have accumulated so far, if they have added a significant amount of shares i will triple down my position no matter the price.
4. Insiders selling mostly due to tax reasons, the few that are aware there is a buyout thoeretically should not sell any more in 2022 besides for tax purposes
5. If there is a buyout from a big company they would probably want their guys to start running the company well before the deal will be announced, that's why all C-level executives & board members have been resigned
6. Now the tricky thing is when it will be announced... i suspect 2-4Qs from now, if you can recall last year the company said that the results of the new strategy will be visible only after Q2 of 2022. Guess what? this is when the company will show signs of a turnaround and the next 2Qs till the end of the year will be outstanding. Therefore the company will have proved in a way that things are working ( so for the buyer to justify their purchase to their shareholders)
7. Price? if we take for granted that wish will be doing around $2b next year and at the same time shows signs of a turnaround i would expect
a) low range 4-6 x sales = $12.43-$18.65
b) medium range 6-8 x sales = $18.65 - $24.87
c) high range 8-10 x sales = $24.85 - $31.09 (close to ATH and where Jackie makes all the $$$$$$)
8. Retail i suspect has an average of $8-10 like myself.. retail is the big looser here
a)options expire out of the money week after week
b)a lot of forced liquidations due to margin calls (spacs, retail ipos are all down)
c) scared themselves and sold with a >50% loss
d) the "bagholders" left the ones that gave up and waiting for the "miracle" will probably sell around their average price or even lower especially in the case there is a 100% rally in a matter of a week. I suspect the price in the next 6 months will be in a $4-6 range and after the summer to be around $8-10 and this is where all retail will be gone.
e)the 5-10% of the retail traders will probably HODL till the end.
* A fairy tale by GPAP90
**The above scenario is imaginary
*** Do your own research, this is not a financial advice!
Look First/ Then Leap
WISH, is now a real penny stock as predicted on 13th Aug 2021!WISH can nicely be charted inside a down going parallel channel as shown! It is now a real penny stock as predicted several week ago!
We offered an alternative bearish scenario when majority of technical analyst were bullish on WISH . We did not reject the possibility of bullish scenario and in fact, opened a long position based on that possible scenario but immediately closed our position with a tiny loss when our bullish scenario rejection condition met! Here is the publication:
After a disappointing Earning Report we warned traders and investors : " This is not a buy chance ! " and WISH will be a penny stock :
We always choose our stock smartly and trade objectively. Don't we?
WISH SYMETRICAL FAN PT $302022 complete inverse of 2021. DEMs to continue to play virus card. Virus is good for e-commerce and we just beat the covid high of holiday retail YoY. Let's see what happens.
Wish Stock 2022 prospectI think NASDAQ:WISH will be successfully to get to price target of 5$ till the end of 2022 and even might test $7 moving forward BTEOY.
My analysis is based on:
VOL Profile fundamentals.
The fact that WISH is undervalued in current levels IMO and by some more analysts.
$3 is their all time low(young stock) and they after devastated year which new stocks like wish which got big hype in the start of 2020 got smashed this year (Maybe with good reason).
WISH improve their product offer and going to squeezy more $ from their users.
Earnings and Growth are BIG questions cause it will depend on the economic changes that we are going to face in the coming year where FED changes interest rates which will directly affect on the 5 W's (what/who/why/when/where) for people mind set, the "Buy via the WEB" will be tested in the coming era. And in my opinion WISH that offers low budget products can find her self gets attention from a lot of people which will try to get more products (basic things) with less expenses.
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Anyway, for short term guys WISH are at the bottom now so any change they will make will be counted as positive news, like getting new CEO for example.
Clarification:
This my own idea and I'm not advising anyone getting into this stock which comes with HIGH Risk.
#WISH is not a matter of IF, is a matter of WHEN!⏲ Get ready..🚀Hi All, my main 3 take-outs from this analysis are the following:
1- I do not agree with those who say that Wish has no upcoming support and that it is in free fall! Not at all! The support is a static one, it is very visible in the daily chart, and it is shown in red. The lower trendline of the descending wedge is actually acting as support and the price is definitely feeling that floor
2- Despite the lower lows of prices, RSI is showing flat and even higher lows, which is a sign of loss of strenght by the sellers and possible reversal soon. So, to me is not a matter of IF, it is just a matter of WHEN!
3- The price might try to breakout upward the wedge ideally by the end of January, as the 2/3 of the wedge comes exactly in that area. In any case the price should be out of it by April the latest, as the apex is in that time area.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WISHWish (NASDAQ:WISH) seems to be forming a bottom and it will be complete once stock closes above $3.32 on daily charts targeting the 4 areas next.
Future of WISH - Best TAI 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-$2. Depending on the time it takes, the equivalent price on the trendline will be the bottom. We will then get an ABC recovery, following our historical WISH ABC Fractal which will take us to the upper trendline. The only way this gets invalidated is if they release PR early.
Charting WISH is so easy :) Be diligent and good-luck!
#WISH close to a bullish reversal? Here it is why... is why...Hi All, my main 3 take-outs from this analysis are the following:
1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline
2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end
3- In the next intraday sessions, it might be possible to see a further run up towards the 3.95-4$
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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After correcting from an all-time high of $89.9 $PINS currently trades at just $45.8. Incredibly cheap shares!
My team entered $PINS this afternoon at $45.5 per share and we plan to take our first profit at $53.
This company is a no-brainer hold at these levels.
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I have nothing else to sayThis is my last post about Wish! i overanalyzed it i think... good luck to all! $10 within the next Q imo.
#WISH Still moving inside the falling wedge. I am LONG!Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3- Shrt term target is 9.40$ to close the daily gap, while my medium long term target is 15$
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
I WISH things get better I'm not an investor in Wish. I merely trade the ride down. As the market is correcting, expect better deals soon. I will love to see WISH at $2, conforming to my ultimate ultra bear impulse count. If that were to happen, it would be near New Year's Eve, touching the trendline. WISH needs good PR ASAP for the bullish fractal to play. As per my last post, I got in at $3.55 and sold at $3.99 as a trade. Wish will moon one day, but who knows in this market... Already oversold so keep an eye out!
Wishful thinking is needed for investors. Stay diligent & good luck!
WISH wishing for further lows. WISHA broken record here. Broken floor, correcting patterns, FibGoals inplace.
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 purple 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!
$WISH Wish Context Logic Analysis $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 towards the mid-level support line at around $4.75/s
- WATCH the mid-level support line at $4.75.
-- IF BOUNCE the price will move lower
-- IF BREAK the price will continue to $6/s range
REMEMBER: if you have a stock in mind, let me know I will upload a TA.
WISH - Possible a rebounce today. 1H chart RSI oversoldHi All, my main 3 take-outs from this analysis are the following:
1- The hourly chart shows RSI in oversold territory with high chances of a rebounce
2- Price might be retesting the resistence at arund 4.60$ in the next days
3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WISH - Moving in a descending wedge, possibly breaking up soon..Hi Guys, WISH is moving inside a falling wedge in the daily chart. Two third of this wedge is approximately end of January (blue box) where the price might realistically break the red trendline of resistence and reach the 6$.
If this will happen, next price targets will be the 9$ gap filling and mostly the 15$ level, which represent the target given by the height of the same descending wedge.
In addition to this, MACD on the daily chart is showing a huge bullish divergence which makes pretty realistic an inversion in the upcoming weeks.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$WISH Crab Pattern | Gap Fill- Looks like WISH is forming the final D point for a Crab Pattern
- This Crab Pattern is in itself a bearish formation, but we can profit from the move up to the D point
WISH ContextLogic might have found a bottom.Hi All, my main 3 take-outs from this analysis are the following:
1- On June 8th 21 price broke the descending wedge resistence (daily chart) with huge volumes. Target for that move is 19.5$. Let's not forget about this
2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence
3- Bullish divergence between prices and RSI in the weekly chart
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WISH GOING HIGHER BABYHOLD THE GAP RIP THE SHORTS. CHRISTMAS TIME IS HERE BAYBAY
top of the gap test now. Should see move my dude
WISH SqueezeNot a financial advisor
After MONTHs of waiting it is finally happening!
Lets fill the gap to $9 hoping for $15 but like most people in this I'll be happy with whatever at this point 😂
Long overdue should blow after $5.76
FOMO is a hell of a drug
