$WISH Target 17.62 for 40.40% (No Position ☹️)$WISH Target 17.62 for 40.40%
Or double position at 7.48
WELL... THE SAD NEWS is that my order did NOT fill so I am not in this one... but this is what my plan WAS. Grrrr... haha... GL y'all and I'll jump in at the next opportunity...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
WISH
Do you know where WISH could go from here? 🚀Again, WISH traded around the 13 area today, and it did a false breakout (when the price closes outside, but it reacts and closes above the support again). This is a buy set up.
It did break the red line and the Bollinger bands are finally spreading apart, which is amazing! Our first buy sign was around 12.10, as I said in my first analysis on WISH.
The RSI is a little overbought, yes, but we have no bearish pattern around here. It seems it’ll hit our target at 15!
One of my followers asked me, what’s the next target, if WISH breaks the 15? My answer is: 20. And after that? 30! These numbers aren’t random, and you can see them in black lines in the daily chart:
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.
Going to the $15? 👆It is going to hit our target, guys! The 13 is a new support for WISH, and the BB are getting tight again! The volatility is diminishing, and soon we’ll see this stock exploding again. Our entry point was around 12.10, and our target is the 15.
The red line is another breakpoint for us, and once broken, most likely it’ll hit our target.
We are almost at the 15, but WISH is a little overbought in the 4h chart. If it loses the 13, the 20ma will hold the price.
In fact, if it drops, I think it can give us another trade, but we’ll see. I’ll keep tracking this.
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.
$WISH $14 to $24This is a kind of a no brainer for me. WISH is a well established company and has a good presence on the market.
Ever since IPO listing $WISH been taking a beating and bottomed out at $8. Lots and lots of volume, positions were added and we broke downtrend resistance.
As a rule goes, there is never an unfilled gap, so my price target is $24 to fill the gap. I can imagine this can go higher, but i will be safe and set my price target at $24.
Exit if price breaks resistance line.
WISH Very Bullish SetupFull disclosure I'm long WISH since $10.68.
Wish is the talk of the town lately and showing a very similar setup to the many previous stocks that pumped recently. Comparing price action to the latest, CLOV, you can see it is very similar. A long-term downtrend, followed by a bottoming and accumulation period, then a sharp reversal and a pump to a new all-time high.
Short interest is right in line with the rest of them at 20%+ and retail interest is a high as ever.
I do anticipate WISH to see a similar run and will likely go well beyond the previous all-time high.
Good luck.
WISH ContextLogic Inc. Price TargetsBrokerage firms use ratings when they issue stock recommendations to stock traders.
The usually have 1 year target from the moment the release the Ratings.
On 5/13/2021 Credit Suisse Group Brokerage Lowered the Price Target from $31.00 to $24.00 and Outperform Rating
On 3/9/2021 Citigroup Brokerage Lowered the Price Target from $24.00 to $20.00
On 1/11/2021 JPMorgan Chase & Co. Brokerage Initiated Coverage with a $30.00 Price Target and Overweight Rating
Looking at the volume and ratings, i would expect a short term upside potential!
WISH - Let's try $16 💰-After our previous post on Wish saw the great returns, we still keep the target @ $16.
WISHNot the most ideal falling wedge but it has broken out nonetheless.
While we see a bearish divergence forming down here. This is not to be taken heavily.
Given the insane, continuous volume we have been seeing recently I would not be surprised to see WISH continue its grind higher.
We are doing good! What's next for us? 🤑Ok, WISH did break the pivot we mentioned (12.10), and it triggered the buy sign! Now we are off to the 15!
Today’s movement was good, but since it was a bit overbought, now it is doing a correction.
The 4h chart is starting to show us a good movement as well, and it is easy to see why the 15 is our target (previous top).
The RSI is a overbought too, but I don’t see this invalidating our thesis. Maybe it’ll correct along the way, but our target is still the same!
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.
AMC - PART 3- POSSIBLE BULLISH ASCEND TRI - SPEED FAN ARC/PLAYAll,
AMC far more interesting here if we can break out the top to confirm the ascending triangle. The two fakeout candles also make it seem this way. Looking like we of course would hit 68/70s on way up but the cap would be around 103ish maybe less FOMO. NOT SAYING THIS WILL HAPPEN. We all know how crazy the shorts are etc.
Other would be not fakeout candles and be bearish move down probably bad one.
PLAY = WAIT AND SEE AT PATTERN END
$WISH - Trend reversal in daily chart $WISH trend reversal in daily chart. Ascending triangle formed in daily chart. Added two resistance and support level
A trading idea on WISH! 🤓It looks like WISH is inside an ascending triangle, the base is the red line, and the resistance is the 12.10.
I think WISH will stay there for some tie, before it breakout – and I believe it’ll be upwards.
If WISH breaks the red line, then the 9.68 is the nest stop, and the bullish thesis won’t work anymore. But if it breaks the 12.10, it’ll rally to the 15.
We must be aware of these two points to trade WISH. Any movement inside this tringle won’t be interesting.
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.
Wish it is not trueHey everybody! i liked wish before it became a mainstream on the wallstreetbets forums and now i have some warning points i would like to share with you:
1. The company is doing insanely big volumes vs it's market cap
&
2. All retail investors have an eye on it ( bad sign for me)
3. Possible distribution on the 5 and 15 minutes chart? please have a look i would really like your feedback
*I still consider wish a cheap stock at the moment and a move close to the IPO price over the next 3-9 months seems right to me. However with the attention it got from the reddit forum i believe it will accumulate between $9-12 for quite some time, maybe till the next earnings report... retail investors will get bored/tired and eventually exit their positions and then the stock can move higher.
make your $WISH*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*
My team discovered $WISH a couple days ago. We first heard of WISH when a friend made a joke about how cheap $WISH products were. The name sounded familiar but we had zero clue that it was an online retailer until he explained it to us.
Perhaps we didn't know because we live under a rock, or maybe we're too busy making money instead of spending it by shopping online. Regardless, we still see the appeal of $WISH, and we wonder just how much of its market still remains untapped. If none of us knew what $WISH was prior to a couple days ago then maybe...just maybe...this is just only the start of its rally.
$WISH is also a meme stock apparently. My team has never traded meme stocks prior to this post, but that doesn't mean that we're opposed against them. Our issues with most meme stocks dwell in the overvaluation of the stock...but we suppose that's the whole point.
$WISH is a rare case however because it ACTUALLY looks undervalued to us.
We're long.
entry: $11.30.
take profit: $18
stop loss: $9.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
WISH: What does it take for it to fly?Hello traders and investors! Let’s talk about WISH today!
Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term.
If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements, and low during the pullback. This indicates that the buy force is dominating.
In the daily chart, the key point is the $ 14.97 area . This price level worked as support some times in the past, and now it is working as a resistance, following the Principle of Polarity in Technical Analysis.
If it defeats the $ 14.97, then probably WISH will fly again, and the volume confirms this idea. If WISH finally wakes up, it can easily retest the ATH in the next few months.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it!
Thank you very much!
WISH Technical Catalysts (gaps)Very nit picky, but 3x unfilled gaps that could in some insane markets (like this one hey!) could end up filling. Lots of resistance levels to test for absolutely no reason at all. Trade is active. Size appropriately!
$wish ewt projectionif we're in a sub wave 2 right now, then we are sitting in the golden zone
sub wave 3 target = $30
sub wave 5 target = $60>
ps. i don't know anything about this stonk, if you take this trade make sure to set a tight stop.
my position is 7\16 20\25c's from fridays close.
Clearing Up Info About the WISH IPO "Share-Lock-Up" Release DateIn an article published June 7th, entitled "ContextLogic Inc. 's (NASDAQ:WISH) Lock-Up Period Set To Expire on June 14th"
MarketBeat told readers incorrectly that "ContextLogic's (NASDAQ:WISH) lock-up period is set to expire on Monday, June 14th.
ContextLogic had issued 46,000,000 shares in its IPO on December 16th. The total size of the offering was $1,104,000,000
based on an initial share price of $24.00. Shares of the company owned by major shareholders and company insiders will
be eligible for trade following the expiration of the lock-up period.
According to the company's 10-K (Annual report) filed (2021-03-25). Those shares were actually released the opening of trading
on the second trading day immediately following our release of earnings for the first quarter of fiscal 2021.
Since First Quarter Earnings were announced May 12, 2021 so shares were released May 25th, 2021.
On 06-09-2021 The stock became the focus of a "Short squeeze" campaign by Wall Street Bets and has continued to be the focus of
attention from investors and option call fans who showed an unusual amount of open interest in both $20 and $30 calls. While there
is some back and forth about whether the stock is actually a good short squeeze candidate, the non-Reddit suits have taken an
interest in the stock because it appears to be undervalued using a number of different value methods.
A "Buy" signal was triggered a few days ago by CryptoFundeManager's
Buy and Sell Perfect Entry V2 Indicator & Confirmation Entry Indicator and despite some heavy profit taking after the recent run-up,
bulls have not let the bears take share prices lower than the 10-Day Moving Average. In fact. the stock was the number one most
discussed stock on Wall Street Bets on Thursday and Social Media interest continues on Friday.
WallStreetBets' #Apes and Bulls are expecting the stock to begin ascending on Monday after there appeared to be a triple bottom indication reached during intraday trading the last two sessions.
WISH short squeezeChange of character, ridiculous soaking on the bids and OBV and volume showing a nice change. Good luck with a stop below this range size appropriately.
WISH Trend Analysis following EarningsIf WISH misses with earnings this upcoming week, technicals and projected fundamentals support a break below valuation in the lower $11 range. With a test of $9.35 for the next earnings bottom range.
It is likely to find support in this range and move back into test range of $11.05 and $12.18 into the following earnings.
If WISH continues to beat expectations and hold progression, they have a future valuation of around $20-$21.
A nice move to set up reaching this evaluation would be filling supply and demand imbalances between $15.50 and $17.50, with retracements back into $12.50-$13.00 for a move into next earnings. Good earnings there would have the equilibrium to test above range of valuation as support, moving into this years full earnings release next year during Q1 2022.
WISH stock went up 86% in 2 days!WISH stock went up 86% in 2 days! Currently hovering $10.50/share. We're likely to see incoming short-squeeze play in days/weeks ahead.
Still decent level to accumulate.. Our own projection is that WISH will test $15 resistance level again. Once it maintains $15, we're likely to hit $18, then if short-squeeze is in progress, we're looking past $25/share on WISH.
This is not financial advice, your trades can go to $0.00. Do your own research!
