Extremely overbought - RSI bearishly diverging. MACD histogram is declining, buyers close to crossing under sellers. Bearishly engulfing candlesticks. Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators....
Wayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W. That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol? The only reason...
Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts. This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes...
Wayfair Stop Profit at 135 USD... time to lock profits
Wayfair if close below 130 USD... close Longs
Citron Research saying 1st stop at 100 USD... For now bulls are rocking. Any change, we change too... citronresearch.com
W will go down. Fast. I'd say probably a day before the 18th Annual Consumer Conference on June 19th where Michael Fleisher, CFO, is presenting. Wayfair has consistently trended more negative in net income with every report, with a smaller number of shareholders than previously this year, I expect this bullish wave the come to abrupt stop. I have put options...
Stock is right now forming a bottom. Between 70-75 dollar stock is a bargain imo. I will buy the dip, over time this stock can go back to 80 dollar and beyond.