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WISH: Upon a Wykoff Accumulation Zone $2.30-$4.00 for 2022
Not a financial advisor - this is speculation on WISH stock.
WISH stock is of course oversold but the accumulation zone will chop by over 100% in both directions for the next 6-8 months. I anticipate support and resistances to start defining themselves over this period. Do not get chopped - Going long is fine here - either this is going to be accumulation zone or we will find lower zone below $2 (Doubtful). 100% Definite buy at any price below $2. Expect sharp wicks to the upside.
Wyckoff accumulation will show itself on the first massive wick upwards and following correction - the box outlined will be general guidelines.
WISH stock is of course oversold but the accumulation zone will chop by over 100% in both directions for the next 6-8 months. I anticipate support and resistances to start defining themselves over this period. Do not get chopped - Going long is fine here - either this is going to be accumulation zone or we will find lower zone below $2 (Doubtful). 100% Definite buy at any price below $2. Expect sharp wicks to the upside.
Wyckoff accumulation will show itself on the first massive wick upwards and following correction - the box outlined will be general guidelines.
註釋
OBV broke the downwards trend on December 3 on the 1-day and went sideways indicating we have actually bottomed.
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