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WIX trade ideas

WIX is looking amazing and is about to break outNASDAQ:WIX has been consolidating since few months in a perfect falling wedge continuation pattern and bounced nicely of the 200 MA. Break out of the falling wedge is expected to generate considerable gains. Long the break out to target 345$, stop level at 220$. Long term target is above 450$. Hit the like button and follow if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
NASDAQ:WIXLong
by Chartoholic
WIX tells Bearish StoriesWIX Performed well in the last 5 years, and shows a strong bullish move. Daily Chart - The Whole Picture (Line): Since March 2020, WIX Moved rapidly from Trading zone 1, to Trading Zone 2, by single print move: The Buyers took the price up into New Trading Zone which shows signs of weakness - clear picture of Supply expansion. When reached the new zone, WIX formed a proper Head and Shoulders Pattern, which failed to keep the Neckline clean, and therfore, became unreliable. The former Pattern, evolved into Descending Triangle - Reversal Pattern with Major Trend implications - Which looks very promising. Descending Traingle Requirments : - 2 falling Tops, 2 Flat Bottoms. - The pattern should arrive after Major Bullish trend. - The Breakout should be in a range between 50%-75% of the overall Triangle - The Vertical Yellow Line Represents the 75% border. - The Breakout should be with Low Volume , High Volume Breakout would probably take the price back to the Demand Line (Support). Potential Move: - The Minimum Potential move is equal to the vertical range between the first Top of the traingle to the Demand Line (Support) Pasted from the Demand line downward. In our case, the Minimum Potential is 168.76 (The Dashed Green Line): - The Breakout move should be with the same behavior as the last bullish move before the triangle, in the case of WIX - Vertical Move: Moreover, by streching Fixed Range Volume Profile, we can see the Low Volume Zone clearly: The Stock does not like to be traded inside the mentioned zone. Therefore, the price is expected to slide on this zone like Butter on Hot stone. Conclusion: While the overall market, and especially the Tech Sector, is on unrational euphoric Bullish state - WIX shows very promisng weakness signals, and the picture is completly bearish. Understand: The Indexes are nothing but a mix of stocks. Thus, by finding such strong stocks with a strong weakness signals, we have to be even more cautious about the expected continuation of the Bull Market. By digging into to indexes we can find the dirty stocks which might pull the market down in the future. Entery Signal: Low volume brakeout which make a distance of at least 3% from the Demand line Price. If the breakout will occur with high volume, a retest might be expected. Determine Good Stop Loss point, and take responsibility on your position. Good Luck!
NASDAQ:WIXShort
by Ido_Havazelet
2
WIX support holds!The high level of demand for Wix's solutions and the resulting rapid revenue growth are impressive, but so is the strong cash flow the tech company is generating. The company currently expects total 2020 free cash flow to be between $122 to $127 million. Zooming out over the past five years, Wix's annual free cash flow has risen from $14 million in 2015 to $127 million in 2019. It wouldn't be surprising to see this important profitability metric continue improving rapidly.
NASDAQ:WIXLong
by ShukriMahadi
1
AB=CDBearish until bottom is found Great pattern to find a long entry You have to be sure D is as low as she goes as the FIB levels can take it even lower. Possible 233.23 is the bottom, just be careful I have found out the hard way that the bottom is not always the bottom )o: Short interest has come down quite a bit on WIX so a good sign. Shorties are not always right but I respect their opinion as they are usually seasoned traders I see a support level at 245.64 and 248.95 NV is high OBV low on daily but high on hourly Long after uptrend in place
NASDAQ:WIX
by lauralea