WISH LONGWish The Company Suffer From SELL-OFF WITH ALL THE GROWS STOCK Small Caps
Still Have 1.2B In Cash
Have A lot Short TERM Problem
Hyper Grow Stock
1Billon Market Cap Something Like This
P\S To Small
Wishlong
$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 upside potentialWISH is now a shadow of the company that was rumored that Amazon offered $10 billion all-cash to buy it and Wish's CEO didn`t agree!
Now its value is 3.454Bil and two weeks ago it was even lower.
But the holidays are coming and all ecommerce platforms will benefit from that.
Except for Oppenheimer, who downgraded WISH to Underperform setting a price target of $4.00, the others are more optimistic: Citigroup gives a neutral rating with a price target of 7.5usd, while Credit Suisse Group targets 19usd per share.
My target is the 9.4 resistance by the end of the year.
i`m looking forward to read your opinion about it.
WISH I dont know how I feel about it but Seems like a good short term play. Could do what SDC is doing. This one is all about timing.
Look at double bottom and rising RSI.
One of the most mentioned stonks on Twitter and WSB. Will it run? I'd like to see that gap fill first, holding small position.
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
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.
