WISH is looking bullish as it formed a nice double bottom on the 1hr chart, I believe we should see the neckline break (white line) after the consolidation phase from the resistance break we should see another break on the yellow resistance line.
Play this right, this is a great long-term stock which is what I'm using it for, however, it can be a very good swing...
Contextlogic has been trading in a downtrend since January.
The downtrend is now challenged with some large volumes coming through
A challenge of 15.11 could form a nice inverted head and shoulders with around a 22.50 target price
Fundamentals on forward earnings not looking bad either.
Stock doesn't seem overpriced at current levels
#2 on Hype Equity today
ContextLogic, Inc. engages in the operation of an online marketplace, that include Geek, Mama, Home, Cute, and Joyful Shopping. The company was founded by Peter Szulczewski and Danny Zhang in June 2010 and is headquartered in San Francisco, CA.