0A4A trade ideas
W ( Wayfair Inc): Approaching to key reversal zone 24 - 27.5Wayfair stock's price is likely to rebound if it falls into support zone between 24 and 27.5.
Resistance = 65/75
Support = 24/27.5
(NYSE: W) 1H Bull Deep Gartley with embedded Bull ButterflyThis is a pretty setup to my eye. There is a larger Deep Gartley in place that has an unusually shallow AC retracement. Embedded within this larger structure is a Butterfly pattern that has extended to it's HOP. An entry confirmation line was printed some bars ago and price is in the process of retesting/stop-hunting. RSI has turned above 30 and PPO has signaled a buy. It would come as no surprise to see price continue to bounce around here for a spell, but expect a minimal natural harmonic reaction to .236 retrace level before the need to manage the position may arise. Target1&2 are plotted in green. The Deep Gartley's HOP provides the next likely support level should price continue to falter, but a more aggressive stop could be usedbelow the Butterfly's HOP due to the nature of the setup. I compromised, setting the stop more aggressively than is optimal to the Deep Gartley's HOP.
W - strong price actionW had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high volume day.
Since then it had pulled back a little, forming a potential bullish flag. Will the recent gap close soon? not necessarily, if it is a breakaway gap (which usually signify the start of a new trend). Can only wait and see.
Meanwhile, it is worth a shot to go long as long as it starts to break above the bull flag, with initial stop loss placed just slightly below the start of the gap @ 46.70. Trail stop up once the trade goes our way.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$w Good company squashed in with competition and relativity. The goods & services still provide a fundamentally strong stock, where it stock sold strong technically.
Wayfair Inc (Long)Wayfair Inc
Long
Entry at 44.35
Take Profit at 55.74 (25.68% profit from entry)
Stop loss at 36.68
Bearish still on WayfairWe are still bearish on W and the trade worked out quite nicely last time. It is below our major MA's and has a great Ratio of 2.36.
W PUTI think this is a great short.
Entry: 55.80-56.03
1st Target Price: $49-48
2nd Target Price: 43.50
S.L: low 57s(57.00-57.50)
WLooks to me like another 4 day short squeeze on garbage stocks coming up, lots of garbage stocks have the same rangebound pattern going on
When it hits the top blue line I'm grabbing couple of puts for earnings next week. Unfortunately premiums are too high to go big on this. You could probably make more money shorting garbage stocks that don;t have earnings next week.
$W with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $W after a Negative Under reaction following its earnings release placing the stock in drift D.
$W Long off Monthly DemandAs is with most stocks right now, W is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. While the high time frame demand zone is the most ideal place for a long, It is also possible that W bounces from this area which is the market maker discount zone. If they want a deeper discount they will visit the equal lows indicated by the pivot markers or somewhere nearby in the demand zone before taking off.
Wayfair (NYSE: $W) Bullish Divergence By 0.786 Fib! 🙌Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.
WayFair (NYSE: $W) Starting To Look Tempting! 🛋️Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.
Trading Idea - #Wayfair#Wayfair : BUY LIMIT
Entry: 171.54 USD
Target: 293.50 USD (profit 70%)
Stop: 125.00 USD
Number 1 most shorted stock with an attractive price chart is e-commerce home goods company Wayfair.
Wayfair shares have a short interest of around 22.5%.
Surprisingly, Wayfair shares have lost 50% of their valuation after hitting an all-time high in January.
From a technical perspective, we are in a correction that has been going on for a full year and we are coming into a key support area at around $150-$200.
Supported by the Covid-related 50% and 62% Fibonacci levels, the previous all-time high and the broken uptrend line in April 2020, there are enough reasons to be positive on the price chart.
I would buy the share if a bottom is confirmed in the daily chart.
$W first gap backfilled. Next low $50sWayfair was a darling in the COVID era but just like many others, it jumped too fast and too far. These gaps act like magnets, and I will be a buyer in the 50s. maybe end of this year.
Not a recommendation.
Wayfair seems to be at a major long term support levelWayfair seems to be at a major long term support level
Wayfair is dumpingLosts its weekly 100sma along with Fibonacci .382 let's level this week. The 100sma weekly (Blue wave) was a big deal because throughout this pandemic Wayfair has been riding above it this entire time. Death cross on Weekly Macd
I think were headed back to 154 support in the next couple of months
W rejected at Channel retestIve been waiting for this to play out. Even with relative market weakness and lower volume due to the holiday Wednesday and Friday W ripped. Friday it finally retested a breakout of this channel. Obviously it failed and sold off to close the day. It managed to hold inside this golden zone, I’ll be watching for it to push up over $281.74 and then follow the levels back up for another retest. If it shows weakness we can follow it back down to the bottom of the channel. Or play it both ways.
Rectangle pattern ongoing. What will Wayfair do next?Will Wayfair break out of the triangle pattern that has been formed since August 2020? It's a bullish pattern and has every chance of heading higher. Wait and see though.
W - 275+ BOUND - WAYFAIRAll,
I think W after latest crazy EPS should rebound out of this broadening descending wedge (very bullish pattern) almost a descending speed arc. I see at least $275 at this. This will be the 4th retest which is the one that breaks typically.
1000% EPS is no joke whatsoever. I think personally we see 190-220 in no time, but for now with the market the way it is I see $275 in reasonable/attainable timeframes.
W - Trade UpdatePerfect bounce. Exactly as predicted. A neckline break will send it flying. Up 90% on my positions.
