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WISH

WISH: Signs of reversal?Hello traders and investors! Let’s see how WISH is doing today! Since my last analysis, WISH busted a possible IH&S chart pattern , and it seems we have a sideways correction, between the resistance at $ 10.34 and the support at $ 8.84. This is not all bad, as WISH is not in a bear trend anymore , at least, as it is not doing lower highs/lows, and the 21 ema is flat. However, we are not in a bull trend either, and we have no bullish structure. The $ 8.84 is a support that must not be lost, otherwise, we’ll seek lower supports, like the $ 7.40. On the other hand, the $ 10.34 is still the main key point that could change the trend for good. If defeated, WISH could seek the $ 15 again. In the daily chart, we have a Double Bottom pattern, and the $ 10.34 is the confirmation of this pattern. We have no meaningful resistances other than the $ 15. Another thing we need is to see this volume increasing. For now, WISH is in a delicate situation, but we might see some early signs of reversal soon. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Thank you very much!
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by Nathan_The_Finance_Hydra
7
Wish Chart WISH i keep buying on dips .. believe it has lots of money tied in and they're trying to sell this one down until they can't no more.. On a larger time frame we can look at Wish as it's still in an inverse h&s pattern and possible for an explosion to the upside We just came off a wave 5 count to the downside and now could be forming a double bottom and be moving back to the upside Keep buying dips on this $WISH - feel like it pays nicely in a few months I don't see us creating new lows on this name *
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by tslatrades
WISH: Complete Multiple Time Frame Analysis (H, D and W).Hello traders and investors! Let’s see how WISH is doing today, and do a Multiple Time Frame Analysis (MTFA) on it! First, the 1h chart tells us that we have a possible IH&S pattern (possible, as it wasn’t triggered). The key point for us is the $ 10.34, as this is a pivot point and the neckline of the chart pattern. Remember, every H&S or IH&S are just two pivot points mirrored, and this is why it works as a nice reversal when triggered . It denies the previous pivot, and triggers a new one, reversing the previous trend. We are breaking the 21 ema for the first time in one month, and we might see something new here on WISH. The $ 15 is the main target if WISH triggers the pivot point in the 1h chart, as it worked as support and resistance multiple times. The market has memory, and some price levels are relevant for the stock. On the other hand, we must lose the $ 8.84, as this will create a bearish structure and WISH will keep dropping, probably to the $ 7.40. WISH is engaged in a bear trend since the IPO, but the $ 15 seems to be a pivot point for WISH in the weekly chart. This week is bullish so far, and if we do a bullish structure around here, it’ll be a good place for a bottom. Either way, I presented the key points for you in this analysis. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
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by Nathan_The_Finance_Hydra
5
Retails patience waning, almost time to flyTechnical 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 breakout and turn sideways until early August, where I then expect us to start making higher lows. I expect price to rise to $12 in August. Fundamental analysis: With the delta variant spreading, we could potentially see another lockdown (rare), and that would expedite this trade as ecommerce will once again lead the way. WISH might hire a new CFO with commendable credentials and the market might react well to it. WISH might announce a very good Q2 report on August 11th and once again prove its value. How I am trading it: I am already deep into WISH as-is, but I am looking to add more here and around $8.15 and lower if I can get it that cheap. I do not plan on selling this company as long as it's fundamentals stay true. Long term target: $28 This is not financial advice.
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by thejdela
6
Don't let them shake you out!$WISH is trading at the low end again and you know what that means, yep that's right! Time for me to once again pound the table for this stock. It's undervalued by almost every metric there is, plus they have seen substantial growth since the pandemic began. This company is in much better shape than the day it had IPO but is trading at a nice discount. This is at least a 20$ stock but I see it going higher, especially if the start accepting CryptoCurrency, which is definitely a play they could make.
WLong
by HowDoIHodl
2
$WISH July Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $WISH on 6/15/21 at $11.30 per share. Today my team is averaging up on $WISH at $11.77 per share. Our first take profit remains at $18. My team is keeping any upcoming posts short and sweet due to upcoming market volatility within the next few weeks. My team busted ass to prepare for the summer markets of 2021. Kick off is here...our players are in position... We're just simply showing you the money. FIRST ENTRY: $11.30 2ND ENTRY: $11.77 TAKE PROFIT: $18 STOP LOSS: $9.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
WLong
by SimplyShowMeTheMoney
Who's WISHing for a Retest?WISH simple fib retracement using recent lows revealed some levels on the chart. The 786 fib has been a relatively frequent area of traffic for the stock. Meanwhile, 618 fib line was previously a level of support the continued to get tested but didn't break until recently. With WISH testing 618 as short-term resistance last week and 786 as potential support on Friday, it will be interesting to see if these levels remain the channel for WISH if/when it continues this consolidation trend. Other than the usual social media excitement, also take a peek at the filings which should show the latest Form 4 coming out last week (7/15), which revealed that Brett Just Chief Accounting Officer, sold more shares. This adds to the growing number of Form 4s that have shown selling from insiders.
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by PennyStocks101
Will it ever stop dropping? 😱Despite the huge RSI divergence, there’s nothing good going on in WISH now. We are dropping a lot, and nothing here says we’ll stop. I like to think that the time to buy is when it is dropping, but we must do it carefully, always waiting for our chance, looking at the patterns that could change the trend. We have no patterns now, but if we do a green candle on Monday, breaking through the 9.68 I’ll consider it a good sign for sure. For now, I prefer to watch it carefully, waiting for my chance. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
7
$WISH Bulls Bulls Anticipating Strong Reversal $WISH Bulls looking for a reversal after the stock tested higher lows first established in early June and following a move from one side of the Bollinger Bands to the other. Confirmation of the "double bottom" could set up a big move to the upside based on an ELLIOTT WAVE "C" expression with a price target above $15.23. Fundamentals (which have been improving during the recent run given numerous key bullish news developments) are about to meet "oversold" oscillators and strong Elliot Wave counts.
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by Acceleron
WISH ContextLogic Buy RumorsI 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 Price target considering also the Avg. Volume of 59Mil per day is the 15usd resistance. I look forward to read your opinions about it.
WLong
by TopgOptions
13
Time is running our for WISH! ⏳Ok, WISH lost the 10.77 and it hit the support at 10.40 today. This is he best spot if WISH is about to reverse again. Despite the breakout from the distribution, WISH didn’t drop too much like some expected, and it is still above the 10. Now the RSI is very oversold, and it must do something good tomorrow. We are not that oversold I the 4h, but this could be a double bottom if we see a reversal pattern around. By losing the 10.40, the 9.68 will be the next stop. Let’s wait for the next signal. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
Will it fly or not? You must be aware of these points! 👁👁It seems the 10.77 is a new support for WISH, while the 11.22 is the breakpoint to change the trend. The fight is intense, as the Bollinger Bands are very tight. To the side it explodes, we’ll see a big move afterwards. For now, WISH is just dropping without any signs of life. Since the risk-reward is very good at this level, I think it is a good moment to buy, but you must use a strategy for this, otherwise, things can go very wrong to you. My followers are trading WISH with me, but I don’t think WISH is the most interesting stock to trade around. We have stocks that are looking way better, in my view. Just be careful, and trade wisely! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077
4
Just about to do something great! 👀Just like PLTR, we have an advanced breakout on WISH too, but the price didn’t confirm any buy yet. We are still accumulating, and the Bollinger Bands are very tight. It’ll explode soon, and it looks like it’ll be up. We are bouncing after we hit the 10.37, and we even went outside the BBs for one moment, indicating some fatigue. Again, we have no buy yet, but I think next week we’ll have our chance! I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
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by UnknownUnicorn21312077