Wayfair (W) - Potential Short Squeeze

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: 44.1800
Target: 56.0000
Stop-loss: 38.2000