Big fan of their business model - WeWork is still the gold standard when it comes to coworking, flex office space. Market cap looks really attractive as well - I think the value prop is extremely misunderstood. Growing all access business, leasing structure makes the agile/nimble.
They are predicted to have FCF next year. Looking at this with a long bias.....
The initial euphoric gap + bull-run seems to have rebalanced with selling pressure and a consistent adherence to the 50 period MA and fib levels
I’m swinging this to 115…
It’s Facebook.. and the meta verse. Isn’t that conclusive enough? Nq looks bullish; hoping for a follow through
Add your thoughts in the comments
Best,
Vish
I apologize in advance for the corny title, I thought about it and had to get it out XD
Case in point, I know there’s a lot of long interest in Snapchat and I’ve never managed to a a catch a good entry.
So.. to all my SNAP bulls, what levels are you looking at? TA and FA ideas welcome
Have a cracker of a day,
Vish
Long term POV I’d like to see a bounce here but who knows - markets have been really turbulent lately
Open to discourse / please chime in with any relevant info that could affect the near-medium term outlook
Much thanks y’all
Been following the way this stock moves for a little over a year… never seen it move the way it is right now (actually, for the last month or so when it broke out of the low 40s)
I’m trading this with a long bias
Zillow has been quite obviously bearish for the past year - a simple scroll through the idea stream would reflect months of failed called bottoms.
The recent crack below $100 (along with major subsequent selling pressure) has only made the charts uglier - Z couldn’t even hold onto a 2% gain today (08/18)
I’m opening up the comments to any TA you may have done....
Here’s a very slow and consistent mover - moves with the broader markets without making irrational moves.
Selling into the visible supply zone - will invert with demand. Sensible RR
Lackluster move post earnings could suggest that the price action prior to the ER was forward looking - I’d expect profit taking now
Im short to the neckline @ 135-137
