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TopgOptions
Jul 14, 2021 9:30 AM

WISH ContextLogic Buy Rumors Long

NASDAQ:WISH1D

Description

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I know this rumor isn`t new, but makes us think a little bit about WISH`s valuation.

One person close to WISH`s Insiders said Amazon offered $10 billion all-cash to buy the company, and Wish's CEO didn`t agree.

Looking at today`s Market Cap of only 6.438Bil, i would say that from a valuation point of view you can buy it cheaper than Bezos now.

My short term Price target considering also the Avg. Volume of 59Mil per day is the 15usd resistance.

I look forward to read your opinions about it.
Trend AnalysisTechnical IndicatorsFundamental AnalysisWISHwishstockBABAAMZNamazoncontextlogiccontextlogicincchinacheap
Comments
ProjectSyndicate
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great chart and technicals
TopgOptions
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@ProjectSyndicate, thank you!
mysoulbeauty
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But this rumor is old actually ? I read it on Reddit more than month ago
TopgOptions
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@mysoulbeauty, yes, meanwhile the company did well, so the valuation could be higher.
Mihai_Iacob
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loving it!
TopgOptions
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@OptimoomFX, thx
mike.sharko1982
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you loving it or no, but the technicals are saying that we continue falling... Next target is 7.70... if we go below this, it could be a very negative sign. massive stops will come.
UNCLRCO
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@mike.sharko1982, Where did you see this?
UNCLRCO
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I bought it at around $13 avg cost, how far do you expect it to dip before reversal? Should I have a stop loss?
savemoney2020
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@UNCLRCO, stop loss $12.50 -$13
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