The waves never lie, though sometimes we read them wrong. (at most, wave 1 could see the boxed area before capsizing).
Weekly chart has been oversold for a while now. There is room for respite before a possible next. We normally never trade B Waves, unless an exception such as this one occurs. Just look at how much space is there to even 0.236 retracement level. It is prudent to assume that B Wave is going to be a shallowest of the shallows, even though a fair proportion of them...
My goal is to make 6%. I saw this opportunity, and through the markups, determined this potential trend. I'm not a professional. Please invest at your own risk.
Looks like we had one heck of a strong close on Friday WTRH managed to hang in there with the volume after a red day... Interesting price action; The approach I am taking is the $1.57 break. As soon as we break I will look for 1-2 candlestick confirmations and take an entry
I think $WTRH is about to break out of its long descending wedge and surprise folks going into next year.
Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
Feb Opex and other powers have delayed the double bottom set up completion on WTRH. However, if you believe in the company and the chart pattern then this coming week looks like a great buying opportunity before a large confirmation candle forms to break above the neckline resistance. I will be looking at $4.00 4/16s Call options as a potential risky upside opportunity.
Potential H&S formation. Continuing to play until 4.60 PT with tight stop loss. Then look to short WTRH.
I think it will be a sell of at 4 dollars price. So today will be an uptrend.
No more covid hope are up. So it may be a good idea to be at the sidelines till dust settles
Potential Levels of Support and Resistance. Def a coronavirus play.
I would group Waitr holdings into the virus sympathy plays category because this stock goes up when the rest of the market dumps into the ground. With Tvix being delisted soon, I think a few shares of WTRH would work as a possible hedge. The price targets of $10 and $14 seem dramatic but they are realistic because it has a public float of 19M. On extremely high...
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