I hope you don't find this chart too cluttered.
WISH on the 1 month chart, 30 min time frame.
I don't know if WISH has fully seen the bottom, but there is a good support zone from $2.52-$2.61. There is a local (5 day time frame) support/ resistance at $2.69 and $2.81. At the time of typing this WISH is at $2.84. It will be a good sign to close above $2.80 IMO. Moving out to a little longer time frame, one might find that there is a resistance zone of $2.96-3.07. Those are the next hurdles and potential buy zones. Above that I believe WISH will look to the gap at $7. (This is a little wishful thinking).
I also threw a FIB retrace on the chart. When trading Fib's the numbers to look for are the .618 and the .382. generally selling at one and buying at the other. (they are interchangeable depending on where you like the 0 and 1). On this chart I have the zero at the high and the 1 at the low. .618 will be be the buy in this case and .382 would be the sell. But i don't know if WISH will range in that area or bust through. Regardless FIB makes a good Support /Resistance indicator for me.
Even though they ship trash and gag products there is value to be found here.
No financial advice. Pure speculation.
WISH on the 1 month chart, 30 min time frame.
I don't know if WISH has fully seen the bottom, but there is a good support zone from $2.52-$2.61. There is a local (5 day time frame) support/ resistance at $2.69 and $2.81. At the time of typing this WISH is at $2.84. It will be a good sign to close above $2.80 IMO. Moving out to a little longer time frame, one might find that there is a resistance zone of $2.96-3.07. Those are the next hurdles and potential buy zones. Above that I believe WISH will look to the gap at $7. (This is a little wishful thinking).
I also threw a FIB retrace on the chart. When trading Fib's the numbers to look for are the .618 and the .382. generally selling at one and buying at the other. (they are interchangeable depending on where you like the 0 and 1). On this chart I have the zero at the high and the 1 at the low. .618 will be be the buy in this case and .382 would be the sell. But i don't know if WISH will range in that area or bust through. Regardless FIB makes a good Support /Resistance indicator for me.
Even though they ship trash and gag products there is value to be found here.
No financial advice. Pure speculation.
Comment:
closed at $2.79. RSI looks prime on the daily.
