It seems the 10.77 is a new support for WISH, while the 11.22 is the breakpoint to change the trend.
The fight is intense, as the Bollinger Bands are very tight. To the side it explodes, we’ll see a big move afterwards.
For now, WISH is just dropping without any signs of life. Since the risk-reward is very good at this level, I think it is a good moment to buy, but you must use a strategy for this, otherwise, things can go very wrong to you. My followers are trading WISH with me, but I don’t think WISH is the most interesting stock to trade around. We have stocks that are looking way better, in my view.
Just be careful, and trade wisely! 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 😉.
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