W trade ideas
Its time for Wayfair to chill out!This absolute turd is way overbaught and once again around the peak of the weekly MACD.
Started a short position as the S&P also seems to be showing SOME signs of weeknes...(imagin).
Because this is a dumb money crowd play my short stop loss is tight and if it breaks green on any day I would be ending my position.
Should be easily send fown to $150 or even less in the near term.
$W -- hate to say it but $SPY $SPX $AAPL $QQQ -- Hate to say it but this shitty mc shitburger of a company $W looks like its bull flagging... disgusting.
short Wayfairnegative equity, low margins, no scalability.
Pretty overhyped during #corona times,
similar to CVNA.
Aiming to see this going to pre-corona levels of around 80$
W riding the 8DMA Gap fill in future W currently riding the 8DMA as support and big Gap needed to be filled in the future
W SHORT$W entered previous gap-up zone. Watching for gap close. Target .618 Fibonnaci retracement level $126-127.
Waifair (update)As initially thought, W went on to make a higher high and found strong resistance at the 200 region. Expecting some kind of consolidation here before either heading higher or lower. Consider the balance and income sheets and the overall economic conditions, the bias is obviously down but that does not mean it cant squeeze higher either. With a shgoirt float still hovering around 30%, the potential for higher highs is still there
Wayfair inside the gap nowAfter that huge gap up from short squeeze and lockdown world advantage Stock now breaking. $141 target with eventual target being in $135 range
Wait for the confirmation on WW is tumbling and is currently sitting oversold as you can see on the RSI indicator. For all the investors who want to get in early now it could keep dropping even below the stop loss. That's why you should wait for the confirmation which is at $165. PLEASE COMMENT WHAT YOU THINK!
Really Wish I Discovered this EarlierFirst off, please don't take anything I say seriously. As always, this is not meant to be taken as financial advice and is on opinion based basis. That being said, we all have investor regrets. Wayfair and Overstock.com have increased dramatically. Imaging having been able to 6x or 9x your money in a matter of few month. It is almost as if everyone started disproportionately buying furniture online at the same time. It shows how the internet retail environment boomed during the Covid19 period. If I had a stock screener, I probably would have picked up on those two stocks and bought them. That being said, today I started formulating a paper trading strategy with an Overstock.com trade to see how it does. I think Overstock currently has some more growth potential, although both been on an extremely bullish run which means likely there could be a bubble or some small upcoming resistance curves. Wow, the CEOs of those companies must be jumping for joy right now. These two stocks + the demand for Clorox have went up dramatically. Besides that, don't forget all the biopharmaceutical stocks that went up during this same time period.
Short W, protect with long AMZN / BABAIf you have followed recently W, it is up around 8x the lows it made six weeks ago.
This parabolic move is in my view completely unsustainable and it is the result of some hedge fund positioning in 'order from home stocks'. OSTK has experienced a strong move too, but from a much smaller market cap (therefore much easier to manipulate).
AMZN and BABA have been up over the same period 26% and 10%.
First gap fill down to 133 implies a 26.6% move from today's close.
Two strategies:
1) Short W and go long AMZN/BABA to protect position
2) Buy W, buy long dated puts for same delta and sell short term covered calls on spikes each week to fund the put.
Short W With Covered PutsW is overextended, plain and simple. That, and the potential lower high we are seeing in the overall market makes me want to short this with covered puts. Haven't decided on a strike yet but I like the setup.
Long Mayfair INC sharesIt seems to be a "Flag" forming up and moving averages can also suggest the bull run coming, however is in 1hour timeframe
$W can rise in the next daysContextual immersion trading strategy idea.
Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $181,7;
stop-loss — $163,18.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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W too high too fastBig risk buying at these levels after W rose over 750% in 2 months. But I can see the same herd that chased BTC and any other bubble for that matter do the same here.
short squeeze on WayfairWith such an important short float still, the short squeeze could very well continue but the trend is looking very tired and no amount of furniture sales justifies the astronomical share price.
Buy WAYFAIR [NYSE: $W] | 5.5.2020 | Eric ChoeMy name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
Sorry for delay, but only 10 idea per daySorry for delay, but only 10 idea per dalay yesterday i have bought put option 80 for $300 22 may expiry, great short opportunity after shorts squeeze
W – What?!What is going on with this?
I see a massive selloff down to $20, then sellers had exited. This caused price to sharply reverse, as buyers came in. A bounce ensued and would have been unsurprising, but it has not stopped.
In five weeks, W is up 500%, up from $20 to almost $140. Can someone explain better what is going on here?
Short from level after end short squeeze to target price $80Short from level after end short squeeze to target price $80 by put option $80 strike, and see RSI daily
