In the dynamic landscape of online business facilitation, Wix.com ( NASDAQ:WIX ) stands tall as a pioneer, enabling small enterprises to thrive in the digital sphere. With its recent stellar performance in the fourth quarter of 2023 and promising forecasts for 2024, Wix.com ( NASDAQ:WIX ) emerges as a beacon of growth and innovation.
The fourth-quarter results,...
NASDAQ:WIX is about to complete cup and handle pattern, long the break out to target 130$. Stop loss daily close below 50 MA.
My views only, not a financial advice
Ideas shared are for educational purpose only
There is also a Symmetrical Triangle with bottom line as support.
Price needs to break EL level (long entry level) with an uptrend.
The cup is 28.16 in depth. Targets are calculated using the depth and fib levels.
Short interest close to 5%.
No recommendation.
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Technicals:
MFI : Crossing up 50
Cycle Sniper : Crossing up 0
Cycle Filter Headed North
Testing Beta Bands 200 Period Resistance
Watch: Break out and closing above the trend line
Targets: 91$ and 99$
Good Luck
Analyzing the options chain of WIX prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $1.70
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Wix.Com - 30d expiry - We look to Sell a break of 73.78 (stop at 78.78)
Broken out of the channel formation to the downside.
Short term bias has turned negative.
Short term momentum is bearish.
A break of the recent low at 73.92 should result in a further move lower.
Our outlook is bearish.
Our profit targets will be 61.87 and 59.87
Resistance: 80.70 /...
Information to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Wix.com Ltd. reports their earnings 05/17/23 BMO: I'm anticipating the market will buy the surprise.
The %B is at a good value to "signal oversold.
Wix.Com - 30d expiry - We look to Buy at 84.11 (stop at 78.61)
Trading within a Bullish Channel formation.
Trend line support is located at 83.75.
We look to buy dips.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
We look for a temporary move lower.
Our profit targets will be 97.61 and 99.61
Resistance: 93.00 /...
After a long time, I feel encouraged to post here again. The truth is that I don't usually use technical analysis, but I can't say that I don't check the charts and trends before making an investment. I'm 90% fundamental investor and 10% technical. I don't invest in a company if the trend is bearish, and I don't sell if the trend is bullish (I learned this with an...
Wix.Com - 16.4. expiry - We look to Sell at 108.87 (stop at 115.37)
Trading within a Corrective Channel formation.
Daily signals are mildly bullish.
The primary trend remains bearish.
The trend of higher highs is located at 109.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to...
I have played WIX before. And this is the stage where I BELIEVE a long term reversal is preparring to build.
I like WIX, I use wix, I understand And WIX owes me some money. ;-) Buy low, sell high, I do plan to hedge with options at some point. :_)
Hello everyone,🙋🏾
Here again, Romluck with a new trading idea,💡
Wix .com Ltd develops and markets a cloud-based platform that enables anyone to create a website or web application worldwide.
After an 85% drop from a bearish trend, we switched to a bullish trend.
And right now we are facing resistance in the $90 area, the same area after the covid declines are...
