#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.
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.
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.