Although i prefer to stay away from stocks that have been boosted or discussed a lot on twitter i believe this stock deserves some attention.
I do not necessary consider this a meme stock because wish is a good company which posted good earnings the other day. I think wish has really been beaten down and i believe we are poised for a nice run here.
Strong wedge down, with over 20M volume. Right now it looks to have broken the the upper trend line and is now retesting it. Although i would not necessary hold this company long term as my e-commerce play (i prefer AMZN or SHOP), i believe this prices levels right now deserve a look.
Personally, i believe WISH is undervalued right now and i think this stock can easily double, especially when volume kicks in and twitter gets on it again (if the havent already). In my opinion, this stock was broken down on purpose to cause a shakeout and i think those who held can be rewarded.
I suggest a tight SL if swinging this trade: 3.9 imo is 10% and good enough.
PT: 5.50, 8, 10, 12.
There is some risk. DYOR.
I do not necessary consider this a meme stock because wish is a good company which posted good earnings the other day. I think wish has really been beaten down and i believe we are poised for a nice run here.
Strong wedge down, with over 20M volume. Right now it looks to have broken the the upper trend line and is now retesting it. Although i would not necessary hold this company long term as my e-commerce play (i prefer AMZN or SHOP), i believe this prices levels right now deserve a look.
Personally, i believe WISH is undervalued right now and i think this stock can easily double, especially when volume kicks in and twitter gets on it again (if the havent already). In my opinion, this stock was broken down on purpose to cause a shakeout and i think those who held can be rewarded.
I suggest a tight SL if swinging this trade: 3.9 imo is 10% and good enough.
PT: 5.50, 8, 10, 12.
There is some risk. DYOR.