Wix.com Ltd.Long
$WIX
Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online
Wix stock fell $10.00, accounting for a 4.30% decrease.
Wix opened at $195.50 before trading between $196.05 and $187.30 throughout Fridays session.
The activity saw Wix.com’s market cap fall to $10,862,661,721 on 590,448 shares above their 30-day average of 551,512.
Wix has been falling since it’s last earnings report.
I think there’s a good opportunity here but there’s a lot more other stocks with bigger potential for me.
I think we could see a possible 34% upside for WIX.
I’ve had quite a few questions on this trade but I’m really not interested until price falls to previous resistance or the 200 day moving average on the weekly chart.
Price is looking very bearish on the higher timeframes.
MACD below -20.00
RSI coming towards oversold area
Keep this on your watchlist.
- Factor Four
Wix stock fell $10.00, accounting for a 4.30% decrease.
Wix opened at $195.50 before trading between $196.05 and $187.30 throughout Fridays session.
The activity saw Wix.com’s market cap fall to $10,862,661,721 on 590,448 shares above their 30-day average of 551,512.
Wix has been falling since it’s last earnings report.
I think there’s a good opportunity here but there’s a lot more other stocks with bigger potential for me.
I think we could see a possible 34% upside for WIX.
I’ve had quite a few questions on this trade but I’m really not interested until price falls to previous resistance or the 200 day moving average on the weekly chart.
Price is looking very bearish on the higher timeframes.
MACD below -20.00
RSI coming towards oversold area
Keep this on your watchlist.
- Factor Four
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