Ok, WISH didn’t trigger the buy sign we talked about yesterday (the supposed Spinning Bottom), and we dropped more.
Now we are holding around the 12.10 again, and we have signs of bearish tiredness. The RSI looks oversold, and I see the 12.53 as a nice trigger. This could save WISH for now, but keep in mind that it could drop more.
The 4h chart is not oversold yet, and if we lose the 11.96, we have the 10.37 as the next stop. Like yesterday, we have a possible reversal sign, but it wasn’t triggered. Always wait for confirmation!
I’ll update everyday about it.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now we are holding around the 12.10 again, and we have signs of bearish tiredness. The RSI looks oversold, and I see the 12.53 as a nice trigger. This could save WISH for now, but keep in mind that it could drop more.
The 4h chart is not oversold yet, and if we lose the 11.96, we have the 10.37 as the next stop. Like yesterday, we have a possible reversal sign, but it wasn’t triggered. Always wait for confirmation!
I’ll update everyday about it.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
