HoldInnerPeace

Low trading volume won't support price

Short
BATS:W   Wayfair Inc.

The supported value is 35$, until there is a fundamental change of sales market.
The economic environment doesn't support the growth of W. From diagram, the 35 has been the supported price over 1 year of time. The economic isn't better over the past year.

Short term will drop back from 75$ to 35$.
After 85$ high at Augest 03, the Volume continues go down as well as the price decreases. During Sept 18-28, the price drops because of the interest rate increase. The worst economy environment won't support the stock price.

I think the down trend is continuing until the volume back to 4-8M
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