Long
WISH: Upon a Wykoff Accumulation Zone $2.30-$4.00 for 2022
Not a financial advisor - this is speculation on WISH stock.
WISH stock is of course oversold but the accumulation zone will chop by over 100% in both directions for the next 6-8 months. I anticipate support and resistances to start defining themselves over this period. Do not get chopped - Going long is fine here - either this is going to be accumulation zone or we will find lower zone below $2 (Doubtful). 100% Definite buy at any price below $2. Expect sharp wicks to the upside.
Wyckoff accumulation will show itself on the first massive wick upwards and following correction - the box outlined will be general guidelines.
WISH stock is of course oversold but the accumulation zone will chop by over 100% in both directions for the next 6-8 months. I anticipate support and resistances to start defining themselves over this period. Do not get chopped - Going long is fine here - either this is going to be accumulation zone or we will find lower zone below $2 (Doubtful). 100% Definite buy at any price below $2. Expect sharp wicks to the upside.
Wyckoff accumulation will show itself on the first massive wick upwards and following correction - the box outlined will be general guidelines.
Note
OBV broke the downwards trend on December 3 on the 1-day and went sideways indicating we have actually bottomed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.