Hey everybody! i liked wish before it became a mainstream on the wallstreetbets forums and now i have some warning points i would like to share with you:
1. The company is doing insanely big volumes vs it's market cap
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2. All retail investors have an eye on it ( bad sign for me)
3. Possible distribution on the 5 and 15 minutes chart? please have a look i would really like your feedback
*I still consider wish a cheap stock at the moment and a move close to the IPO price over the next 3-9 months seems right to me. However with the attention it got from the reddit forum i believe it will accumulate between $9-12 for quite some time, maybe till the next earnings report... retail investors will get bored/tired and eventually exit their positions and then the stock can move higher.
1. The company is doing insanely big volumes vs it's market cap
&
2. All retail investors have an eye on it ( bad sign for me)
3. Possible distribution on the 5 and 15 minutes chart? please have a look i would really like your feedback
*I still consider wish a cheap stock at the moment and a move close to the IPO price over the next 3-9 months seems right to me. However with the attention it got from the reddit forum i believe it will accumulate between $9-12 for quite some time, maybe till the next earnings report... retail investors will get bored/tired and eventually exit their positions and then the stock can move higher.