W trade ideas
W breaking out of Bull Flag - First PT is $350W breaking out of Bull Flag. After a huge move from $70 to $349, we have been consolidating for a while. Smart money has been accumulating more shares... I think in a few weeks we will move higher and enter price discovery stage.
-Natalie Garces
Current Price: $343.68
Support: $341.29, $340
Resistance: $350, $355, $368
First PT: $350
Pretty positive if it really BREAKS resistanceJust pure TA, very nice looking chart.
GL trading and no FOMO :)
$W Weekly Potential cup and handle or big break-out?The conversion line crossover might not be a strong indicator in this case since the ichimoku cloud still shows big strength on the weekly movement as well as the lagging line showing bullish signs. I would love a break above that pink line and to hold, or a potential lower volume (as it currently appears to be the case) flag for a big move to the upside.
$W Daily breakout continuationLooking at another push this week higher for Wayfair, although I do expect this weekly formation to turn into a cup and handle before it breaks out even higher.
Short it WayfairTrading sideways really since August highs with exception of an explosive wedge breakout in Jan with the help of motely fool recommendation.
Short targets are redlines
303 -fib
284- fib /50ma/ trendline support
A move and hold above 321 negates the short.
Stop loss 321
Short opportunity?Potential price drop: 25-30%
Reward/Risk:2-2.5
Timeframe: 1-3 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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Weekly market outlook video! 2/22 - 2/26Here we go over last weeks outlook video as well as some stocks we are watching this upcoming week!
Buy $WWayfair is at interesting levels. Could be ready to break the channel. New ATHs imminent? Not quite sure what the catalysts are, but the stock's been holding the 0.618 fib level. I like it
Sunday Outlook 1/25-1/29 $EA $HD $AMZN and more! Here I go over some charts we are watching for the coming week as go over the results from last weeks video!
NASDAQ:AMZN NASDAQ:EA NYSE:HD NASDAQ:DDOG NASDAQ:LAZR NYSE:LMND NYSE:M NYSE:W
Potential Long SwingTrading Opportunity on $W Wafair IncBrief video setting up a potential Long Swingtrading opportunity on the Wayfair Inc Stock using our Elliottwave Indicator suite.
Main focus in this video is using all the tools to measure the wave 4 profit taking pullback. Then looking at a sensible entry strategy for that high probability 5th wave move.
If the stop for the order is broken, we cancel, and wait for support to be found. If support is then found and all of out tools for measuring the wave 4 are sill looking good, then we adjust and setup the trade again. If not, then we must have the discipline to walk away from the trade setup.
WBroke out of a channel pattern to the upside. Needs to use former channel pattern as support, otherwise the bullish thesis no longer is valid. Taking out the prior highs would confirm the bullish thesis.
I got $W #W for $250 When MACD tell you to buy and other to sellDo I like the product? Yes!!!
Do I like the man behind the wheel? I have no idea.
Do I like the profit? Yess!!!
I got $W #W for $250 When MACD tells you to buy and others to sell.
Any ideas?
