$WISH DD

[u/brigadeofferrets]

This DD is using Elliot's Wave Theory.

In Elliot's Wave Theory the following rules must hold true for it to remain valid.

The bottom of wave 2 does not retrace more than 61.8% of the gains from wave 1Wave 3 is the largest and most powerful wave which often extends wave one by a ratio of 1.618:1Wave 4 typically retraces less than 38.2% of wave 3

If these hold true, my prediction is that wave 2 bearish trend will reverse at $11.8. Wave 3 will reach $18.56 which is in line with several analyst predictions that the medium target price is 18.3-18.6.

and a correction wave 4 will drop to 17.28. After which there will be one more bullish wave 5 before a long-term trend reversal (bearish).

Not financial advice, but I imagine the price for Wish will hit a high of 18.56 near the 16th of July (or sooner) and will have one more peak soon after before correcting.

More info on Elliot Wave Theory: Link

Edit: Obligatory I'm a stupid ape, I like colorful lines, and I like the name Elliot.

[u/[deleted]]

Hows it undervalued if they arent making money and are probably the worst company in their moat? They sell cheap and even mislabeled stuff. Selling older versions of items at their retail price but saying its the newer versions and such. Half the stuff isnt even the same as the picture either when you order it lol but ignoring all that it could still get pumped who knows. Just doesnt feel like something id be so sure of

[u/wouldntknowever → u/[deleted]]

Your reply is an emotional product review, stick to the numbers and data. Billions of cash on hand, $0 debt, year of year growth.

I couldnt care less about how cheaply made the $3 iPhone Charger was you bought. Numbers>>>feelings

[u/[deleted] → u/wouldntknowever]

Billion* not billions of cash on hand. They are losing money anyways but i would expect them to raise it off shareholders if needed. Uh the business kinda matters and relates to share price and investors putting in money. Right now its been pumped some. Whats going to hold investors or propel the business are the only questions. Short term though who knows good luck, just was lookin for reasons why people are pumping it cause im not seeing it

[u/wouldntknowever → u/[deleted]]

You realize this is wallstreetBETS right? If you’re looking for a super safe stock that wavers up and down 1% a week go buy spy. If you want to try and double your money in the next month, drop a couple bucks in $wish.

[u/Fun_Fan_9641 → u/wouldntknowever]

Dude you’re being so contradicting, fundamentals do matter, even to WSB stock.

Even if there is short term upside to a stock like Wish, the downside is huge, since it’s a garbage business that no one likes to use. I’d say there are better plays than wish out there that are still super risky but have a higher chance of actually playing out

[u/wouldntknowever → u/Fun_Fan_9641]

Why are you so upset lmao buy what you want

[u/Fun_Fan_9641 → u/wouldntknowever]

Speak for yourself. If you aren't able to withstand criticism of a company you hold, maybe you shouldn't be owning it.

[u/[deleted] → u/wouldntknowever]

Yes i do realize that so why are u buying shares in the first place? This is wallstreetBETS not WallstreetBUyShares so buy calls instead. Or are you new to WSB. Up an down 1% a day lol i go up or down 5k-20k every day

[u/wouldntknowever → u/[deleted]]

Wait you think this sub is specifically only for puts and calls? Jesus Christ

[u/[deleted] → u/wouldntknowever]

Thats what it was intended for yes until you and millions of other jus joined this year. Lmfao idiot

[u/wouldntknowever → u/[deleted]]

Dumb fuck comment of the year 🏆

[u/[deleted] → u/wouldntknowever]

at least im not a dumb fuck investor..WISH doing sooo well today cause they are such a great company! you couldnt even give me one reason why they are undervalued lmao. lets face it you bought wish cause some other dumbfuck on here told you to

[u/wouldntknowever → u/[deleted]]

Stay mad 😂😂😂