WIX -WW- Potential Dual Breakout

11 авг. 2022 г.

WIX
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All,

Been AFK for quite a while didn't trade much since December just converted to cash after a few medium L's around Jan.

**I think an obvious disclaimer here is this is contingent on the market/war/fed data not being bad after this. Too fragile right now.

On this one I think we have a really good Supply/Demand area and possible breakout. Pretty decent fundamentals overall. I would be looking mainly for an options play w/ cover or just stock.

OPTION #1 --- BREAKOUT
**Only would take trade on retest of breakout.
Target 1: 110
Target 2: 122
Target 3: 134 unlikely without news/huge market news.


OPTION #2 --- WEDGE PLAY
Assuming breakout fails and it may. I am going to most likely buy the bottom of the wedge/triangle seeing as its a pretty great spot for demand.