200 Moving Day Make or Break Wish

23 Mar 2022

I am long Wish and have been for a while. Feel free to read my prior posts for my thesis. But for now, the most important price action is what will happen at the 200 day moving average. My guess is that Wish will fail to break through at it's first attempt, as this is a big deal. Ideally we see it drop, consolidate, and then charge again a good clip over the 200 day, making that the new support. If that is confirmed, Wish's downtrend is officially over. Short term PT is $2.77, medium term is still $7.4-$9, long term will depend on how successful the turnaround is, but I've been impressed with what I've seen so far.

GL to all!