We have here a double bottom working as the head of an inverse HS and this a two weeks chart. Price tested the support and passed the test. It wants to go higher. I find this setup very reliable, SL below the lower level of two months ago. Just be patient we may see a lot back and forward in the upcoming days.
Wayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five...
Analyzing the options chain and the chart patterns of W Wayfair prior to the earnings report this week,
I would consider purchasing the 80usd strike price in the money Puts with
an expiration date of
2023-9-15, even though the stock is up in the pre-market today.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
The consensus earnings per share (EPS) estimate for Wayfair Inc (W) is -$0.75 for the quarter ending August 03, 2023. This represents a decrease of 150.00% from the EPS of $0.30 reported in the same quarter last year. The consensus revenue estimate for the quarter is $3.1 billion, which represents a decrease of 1.30% from the revenue of $3.14 billion reported in...
Losing momentum coming into top of trading range.
If we market pauses or turns over we could see a massive wash.
Looking for 60, 40, 35. (notice $15 trading ranges)
NYSE:W update breaking out of parallel trend, resistance level at gap fill horizontal line. A pull back to the 20 day moving average will be healthy for the stock.
Speculative trading opportunity thus smaller positions apply. The idea is based on the current high short interest (~33%) and improving technical structure. A break above $44.80 may fuel short covering which in turn could see upward pressure on the share price. Unfilled gaps at $48.54 and $57.84 remain. Time stop: 31 August 2023.
TRADING LEVELS:
Entry:...
I am strictly a technical trader so I will stick to the technicals.
Since its IPO Wayfair has had some pretty dramatic bull moves and equally as dramatic bearish ones
It's now setting up for another pretty dramatic bull run..
Do I plan to buy some? No..but that's because my $$$ is already allocated to other plays with similar potential.
Should you buy some?...
Indicators show oversold so I think it's time to go up, but we need to wait untill price go up to 32.68 (entrance).
Take porfit= 35
SL= At or below 31.08
Analyzing the options chain of W Wayfair prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.75.
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.
