WIX came out with knock out earnings and formed a clear bull flag on the daily charts. The buy point on WIX for me is 354. I was triggered into the trade last Friday but the pattern still looks good and is still making higher lows. IF volume can push this name higher the first level of profit taking is around 365.
The level of consistency for bull flags increases...
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 468.34$
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Daily descending triangle is a good pattern you should learn how to trade it.
It's very profitable and authentic pattern that rarely fails .
It looks higher too but honestly , the market condition is not good "currently " for a long sentiment .
Wix new price target: $ 404
When: Before Feb 23
Growth: 14.7 %
Buy: YES
There is no clear bottom here, but the Stoch is showing some strength signal, if this is the bottom, then expect these results to happen...
Trade at your own risks
NASDAQ:WIX has been consolidating since few months in a perfect falling wedge continuation pattern and bounced nicely of the 200 MA. Break out of the falling wedge is expected to generate considerable gains. Long the break out to target 345$, stop level at 220$. Long term target is above 450$.
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This is only...
WIX is looking really good here with a strong breakout through the 300 level backed by volume and bouncing from the major Daily MA's in what appears to be a trend continuation pattern.
There are some proper targets with the Yearly R1 pivot @ 353 and the Yearly R2 pivot @ 457
$WIX has successfully broke the descending triangle and heads higher .
Please note we have the earning day ahead .
#Trade_safe and keep learning until you succeed .
No matter what you said about the Stock-market , it is the biggest meritocracy in the world.
WIX Performed well in the last 5 years, and shows a strong bullish move.
Daily Chart - The Whole Picture (Line):
Since March 2020, WIX Moved rapidly from Trading zone 1, to Trading Zone 2, by single print move:
The Buyers took the price up into New Trading Zone which shows signs of weakness - clear picture of Supply expansion.
When reached the new...
Once again WIX is on it's support line. with earnings report coming soon, WIX is about to move up again.
Current support line, offers close stop-loss in case the stock drops.
the Win-lose rate is in bull side favor.
I'm watching WIX as it could break that down trend line any time.
I'll feel confident for an entry if we clear 273-274 (based on Ichimoku daily).
All price levels are on the chart (in blue).
Price is supported by a long term trend line and a rising 200 MA which is not far below.
