WIX trade ideas
$WIX .Com Strong Bounce today Of Channel Support
Stock remains in consolidation but has shown some real strength today after
bouncing strongly off the 50MA and lower channel trend-line.
7&12 MA's are also in support.
Potential long on break above $305 and mid channel resistance.
Upside targets $316 horizontal resistance.
$330 ish to top of channel
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$WIX.com expectations may be to high.
WiX has had a monster 80% move in 3 months, to
expect more is highly optimistic, but it can happen
in this crazy environment.
It must be considered before going long,
the risk that given the rise, support is limited below.
Volume has also been in a considerable decline .
Bearish divergence exists on RSI .
THIS IS A WAIT AND SEE EVENT I BELIEVE
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short overbought company()
Status: Open 03/06/2020
Idea: Selling company shares through the purchase of Put options
Expiration Date: 10/16/20
Strike: $190.00
Target price: $157
Max price: $1400
Option target price: $4200
Risk/Reward Ratio: 1/3
Position volume: no more than 5% of the Deposit
(www.marketwatch.com)
Recently, the market capitalization of companies has reached its historical maximum, despite low fundamental indicators. According to the chart, the share price has reached the upper limit of its trading corridor, which is technically a signal to short. The formal reason for the fall in the price of WIX quotes may be the trade war between the United States and China, which in General will negatively affect the IT sector. Also, at the moment, most of the macroeconomic data indicate the possibility of a long-term recession of the world economy. Thus, the shares of this company have increased risks of falling prices and insignificant prospects for its further growth.
WIX LONG THIS STOCK CONTINUES ON AN UPWARD TRENDOften overlooked because of its larger and higher-growth peer Shopify, e-commerce enabler Wix.com (NASDAQ: WIX) had a great first quarter of 2020. As for the headline numbers, Wix's results were in line with management's expectations outlined at the beginning of 2020. Revenue grew 24% to $216 million, driven by a 17% increase in "Creative Subscriptions" (the basic cloud-based web designer platform) to $177 million, and a 72% increase in business solutions to $39.4 million.
$WIX Up 55% since May 6th! Nice!It's your watch list and your trading system that matters! Your trading system will give you the sell signal for the market (NASDAQ) and you will bail out going to cash and you will save your gains! But your watch list the the most important part! Your watch list is not based on any lines on the charts! Your watch !ist contains the stocks going up powered by the sustained and MASSIVE buying by the Institutions! The myriad of lines on the chart Do Not move the price!