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WISH

Fallow wedge Pattern in wish Hello Traides and investors, after having good results in $ TSP and $ SKLZ, I will now invest in Wish, it is not a good company that we could say, it could be said that it is very high risk since Chinese companies are falling we can see as an example $ NIO, or the private education companies that went to the ground because of the policies of the Communist Party of China, however I see a pattern that in English is called falling wedge pattern or (Bullish wedge), this company does not have a good reputation but it is as legal as amazon and ebay its headquarters is in san francisco and it is popular for its low prices and there comes another thing that is of poor quality as I have reviewed in some forums anyway, I consider that it is very devalued and I hope it reaches $ 9, and minimum maybe $ 5 or $ 4.50, greetings
WLong
by MiguelAngelChess
2
$WISH Analysis & Key levels$WISH Analysis & Key levels I do prefer stocks with more established technicals (there’s really not any support here)… but this one is on my radar today too… Could have an attractive upside - especially in the short term ——— I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels… Red = Key levels Green = resistance Blue = trendlines Have fun, y’all!!
WLong
by SPYder_QQQueen_Trading
1
$WISHAt $6.87, the stock is down more than 60% year to date and far below its $24 initial public offering price. $WISH posted revenue of $656 million for the second quarter of 2021, down 6% year over year. Wish reported a loss of $67 million on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, compared to a profit of $16 million a year ago. Both top-line and bottom-line figures missed Wish's guidance of $715 million in revenue and adjusted EBITDA of negative $60 million. For many holders, that's a shocking turn of events. After all, Wish had posted a 75% revenue surge in the first quarter of 2021, beating management and street forecasts. So what’s the problem? For a start, the global economy is gradually reopening thanks to rising vaccination rates. As a result, consumers are spending less time at home, leading to a slowdown in online shopping which meant fewer app installs, declining daily user activity, and lower sales. Despite the drop in engagement and user metrics, Wish's revenue per buyer rose to $22, up 21% from a year ago. In other words, while fewer customers spent time and money on Wish, those who did use the platform spent more. This suggests Wish may have struck a chord among its biggest fans -- and that's a positive sign. The question is whether Wish can build on this success and convert more users into loyal ones. When you look at the little chart we have of $WISH it’s formed a falling wedge on the daily chart and price is currently sitting at support. I suggest to watch this level in case of a break below or a break to the upside. Keep your eyes on this.
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by TheBlankFund
The bull case for wish I do not want to get into details about fundamentals etc we all saw wish quarterly results but with some much retail in this stock i was expecting a huge decline, the fact that retail investors all over the web are so pissed about wish and start panicking and exiting their positions is a + for me as i hold a long position. Now there are some interesting things i want to point out. There was a Wish pump on reddit based on the story that there is a 50% short float, which led to a 100% increase in price in 2days!!! at the same time Peter Thiel's founders fund start liquidating their positions together with galileo and temasek holdings which all were VC's that were with wish from the beginning. (www.nasdaq.com) Now why did these guys sold? 1. They already had a good return on investment since they were wish first investors 2. With so much publicity on wish stock and the pump to $15 they had they chance to sell so many shares instantly (insane demand from retail) 3. ***I am not sure about this one but a general rule of thumb on VC's is that they sell roughly 75% of their shares when a company does IPO. (makes sense because they need liquidity to look for other Startups) Now let's look at wish itself and where it could go from here. 1. We have rsi divergence on daily chart 2. Macd is higher than the previous drop 3. DMI is also in divergence 4. The company is worth right now $3.9b with $1.5b cash and $2.5-$3b in sales 5.They are losing users which is a very bad sign long term but even if they decide to close the business they could easily sell it for 2-3x sales meaning a market cap close to $8-10b 6. If they were to go bankrupt as many people say why did they hire new C level people , why did they spend so much money on logisticis and why did they get a banking license in Europe ? 7. I hear a lot the phrase "wish sells crap" well what most people that play the markets do not understand that wish customers are the majority of the population out there, what they do not understand is the fact that people are looking to buy cheap things from china because they do not have money to afford buying from amazon,etsy,shop etc... There are no wish buyers that trade stocks, this is the one thing you all have to understand! Wish buyers are people who used to buy on traditional brick & mortar, on illegal sales on the streets , on chinese stores etc.. These people have started to explore the web with Covid and still do not have much presence online as customers of amazon and others. 8. Wish #1 competitive advantage is that even people who never bought from it have heard about it. If they manage to improve delivery times and merchants quality they are about to address the largest % of the population out there. 9. Even if they do not manage to do that , even if they drop to $2b in sales , even if they are about to get out of business i cannot imagine that there is no one big player out there that is willing to buy them for a mediocre multiple of sales. 10. IF they execute right i believe this is easily a $100b+ company in the next 3-5years stop whining and either sell and admit you were wrong or hold tight and wait.
WLong
by Philoslother
4
WISH ContextLogic accumulation areaWISH 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 increase. The bad: Marketplace revenue decreased 32% year-over-year to $378 million in Q2 Buyers during the quarter declined 44% year-over-year to 17 million Monthly active users declined 22% year-over-year to 90 million Active buyers decreased 26% year-over-year to 52 million Cost of revenue for the second quarter of 2021 was $272 million, a 31% year-over-year increase Q2 gross profit was $384 million, down 22 percent year-over-year. On 8/13/2021 Analyst Stephen Ju from Credit Suisse Group Lower Price Target for WISH from $24.00 to $19.00
WLong
by TopgOptions
1
WISH: Danger or opportunity? How to deal with it?Hello traders and investors! Let’s see how WISH is doing today! It is dropping sharply thanks to earnings. However, is this an opportunity or time to get out of it? First, it is never a good idea to buy anything just because it is dropping. Some drops make sense, some don’t. Either way, in this analysis, we’ll focus on TA, not FA. I like to buy reversals, but in this case, we must see a bullish structure first. I would never sell WISH right now, as the Risk/Reward ratio is extremely poor, and if I were shorting it, I would probably book profits now. WISH can reverse and fly again, yes, but for now, there’s nothing telling me it will. The key point in the short-term is the pivot point at $ 7.85. If defeated, then we might see some reversal, or at least, a congestion – either way, the bearish sentiment will get weaker. In the daily chart, it seems that it must close a candlestick above the $ 7.52, to make today’s drop as a false breakout from the previous support. Personally, I think there’s a good chance that WISH will do something like PINS, except that PINS earnings were quite good. I see much more interesting opportunities around, and I will just stay away from WISH. If we see a clear movement, then we might trade it, but we have nothing that it is good enough to convince me. Again, there are much better stocks out there. Let’s watch the key points mentioned in this analysis closely, as they will give us the first signs of a possible good movement in the next few days. Remember to follow me to keep in touch with my daily analysis. Have a good weekend.
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by Nathan_The_Finance_Hydra
6
Make a $WISHTechnical: The has recently been on a downward trajectory. A strong descending triangle pattern is forming. If the stock finds the strength to push through to the upside the stock could reach its previous stock price of the high 20s or low 30s. Good risk-reward to the downside as lower support is in the mid 7 range. Fundamental: E-commerce is the future. Powerhouses like Amazon have paved the way for the growth of the industry but there are new players in town. WISH has set up infrastructure to directly source products from China and other low-cost manufacturers. This makes them significantly cheaper than the alternative, a direct competitive advantage. Furthermore, the e-commerce industry is booming. COVID-19 has only accelerated the rapid pace of technological change as next-day delivery and contactless delivery become the standard. All Star Managamnet Team: Piotr Szulczewski - Founder and CEO Mr. Szulczewski is our founder and has served as our Chief Executive Officer since July 2010. Prior to founding the Company, Mr. Szulczewski served in various positions at Google, Inc., a technology company, including as a technical lead and senior software engineer. Jacqueline Reses - Executive Chair Ms. Reses was appointed Executive Chair in May 2021 and has been a member of our Board since December 2020. Previously, she served as Executive Chair of Square Financial Services LLC and Capital Lead at Square, Inc., a publicly traded financial services company that provides payments, point of sale, and cash flow management services to small businesses and consumers, from October 2015 until October 2020. Farhang Kassaei - Chief Technology Officer Mr. Kassaei has served as our Chief Technology Officer since July 2021. Prior to joining the Company, he served as Senior Director of Software Engineering at Google where he oversaw the development and roll-out of commerce capabilities across its core product suite, including Search and YouTube. Mr. Kassaei previously spent more than 10 years at eBay Inc. where he held multiple leadership positions, including Chief Architect for the core marketplace. Tarun Jain - Chief Product Officer Mr. Jain has served as our Chief Product Officer since August 2021. He served as Director of Product Management at Google from 2017 to 2021. At Google, he incubated and led the development of Discovery Ads, bringing inspirational and engaging commercial ad experiences to YouTube, Gmail and Discover. Devang Shah - General Counsel and Secretary Mr. Shah has served as our General Counsel since February 2018. From August 2010 until April 2017, Mr. Shah served in various positions at Zynga Inc., a game development company, most recently as General Counsel, Secretary and Senior Vice President.
WLong
by howdydany
1
WISH: This is what we wish in order to reverse the trend!Hello traders and investors! Let’s see how WISH is doing today! First, it is interesting to notice that it did a bullish structure in the 1h chart, as it triggered the bullish pivot point at $ 10.15. Now it seems it is heading to the next resistance, the $ 10.68. This might be the beginning of a bullish reversal, but let’s remember that although we have a bullish bias in the short-term, the chart in the mid-term is still struggling. At least WISH is not dropping anymore, and we have some consolidation . The only thing that it is missing here is a good volume , but I agree that if we defeat the $10.68 WISH will trigger another pivot point , but this time on the daily chart. This dual confirmation of two pivot points in different time frames might be a powerful reversal sign, and keep in mind WISH has no other resistances/targets until the $ 15. Let’s watch WISH closely, as it seems it is about to do something interesting in the next few days/weeks. Remember to follow me to keep in touch with my daily studies. Have a good week.
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by Nathan_The_Finance_Hydra
6
Wish, time to get in?E-commerce is not just Amazon, which, moreover, has recovered from one of the most violent gap-downs since its listing. There are interesting realities, such as Shopify, eBay , and Wish. Wish is the most recent in terms of listing, we are talking about December 2020, so just over 6 months of "life". The price had one of the most classic movements of an IPO: a good initial uptrend, followed by profit-taking and total lack of interest on the part of large investors. What did not impress was negative EPS during a very prosperous period for e-commerce due to the pandemic. Recently, however, once the price hit $ 8, volumes increased considerably, a sign that interest in the company (ContextLogic inc. ) Has clearly grown. The price is in a lateral phase even though we had a rising low on July 19th, then retested on July 27th. Rumors are expected on the Earnings in August, to have a reversal of the trend, we should see the 14.32 level broken upwards, with good volumes, very important at a volumetric level. Personally, I could risk entering even earlier, with a very tight stop. We will see, a lot will depend on the data that the company releases. From a technical point of view, the whole zone between 10 and 7 dollars is interesting for an entrance. For those who are more conservative, a re-test of the $ 14.32 level after breaking it could be interesting. For the targets, in addition to the psychological thresholds of $ 20 and $ 30, the $ 18 and $ 28 must certainly be reported. Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA . These posts, videos, and any other contents 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.
WLong
by LazyBull5
3