Wayfair Inc.Long
W - 275+ BOUND - WAYFAIR
All,
I think W after latest crazy EPS should rebound out of this broadening descending wedge (very bullish pattern) almost a descending speed arc. I see at least $275 at this. This will be the 4th retest which is the one that breaks typically.
1000% EPS is no joke whatsoever. I think personally we see 190-220 in no time, but for now with the market the way it is I see $275 in reasonable/attainable timeframes.
I think W after latest crazy EPS should rebound out of this broadening descending wedge (very bullish pattern) almost a descending speed arc. I see at least $275 at this. This will be the 4th retest which is the one that breaks typically.
1000% EPS is no joke whatsoever. I think personally we see 190-220 in no time, but for now with the market the way it is I see $275 in reasonable/attainable timeframes.
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