WTRH's Upside Looks Tremendous However, Support Not SettledThe waves never lie, though sometimes we read them wrong.
(at most, wave 1 could see the boxed area before capsizing).
WTRH
Waitr Holdings is unsustainably oversold. WTRHWeekly chart has been oversold for a while now. There is room for respite before a possible next. We normally never trade B Waves, unless an exception such as this one occurs. Just look at how much space is there to even 0.236 retracement level. It is prudent to assume that B Wave is going to be a shallowest of the shallows, even though a fair proportion of them finish above the origin of Wave A.
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 green 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!
Brief analysis on a potential WTRH near-term play.My goal is to make 6%. I saw this opportunity, and through the markups, determined this potential trend. I'm not a professional. Please invest at your own risk.
$WTRH Looks tender for another leg up!Looks like we had one heck of a strong close on Friday WTRH managed to hang in there with the volume after a red day...
Interesting price action; The approach I am taking is the $1.57 break. As soon as we break I will look for 1-2 candlestick confirmations and take an entry
WTRHWaitr Holdings Inc (NASDAQ:WTRH) This rally seems like it is getting some momo again. A close above the 1.50 level would be a strong indicator of a further uptrend in the stock. On watch.
$WTRH massive move getting ready to break upwards?I think $WTRH is about to break out of its long descending wedge and surprise folks going into next year.
WTRH Outlook: Updated.Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
$WTRH Update Double Bottom Feb Opex and other powers have delayed the double bottom set up completion on WTRH. However, if you believe in the company and the chart pattern then this coming week looks like a great buying opportunity before a large confirmation candle forms to break above the neckline resistance. I will be looking at $4.00 4/16s Call options as a potential risky upside opportunity.
WTRHPotential H&S formation. Continuing to play until 4.60 PT with tight stop loss. Then look to short WTRH.
Breaking resistanceNo more covid hope are up. So it may be a good idea to be at the sidelines till dust settles
WTRH has officially broken out!I would group Waitr holdings into the virus sympathy plays category because this stock goes up when the rest of the market dumps into the ground. With Tvix being delisted soon, I think a few shares of WTRH would work as a possible hedge. The price targets of $10 and $14 seem dramatic but they are realistic because it has a public float of 19M. On extremely high volume of say 300M, it means that people are passing around 19M worth of stock 15 times between each other. Sometimes, the rotation of shares cannot keep up with demand and you end up with insane valuations at the end of the day.
Waitr Holdings Inc. (WTRH) long.All description on the chart.
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