WISH: What does it take for it to fly?

Hello traders and investors! Let’s talk about WISH today!

Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term.

If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements, and low during the pullback. This indicates that the buy force is dominating.



In the daily chart, the key point is the $ 14.97 area. This price level worked as support some times in the past, and now it is working as a resistance, following the Principle of Polarity in Technical Analysis.

If it defeats the $ 14.97, then probably WISH will fly again, and the volume confirms this idea. If WISH finally wakes up, it can easily retest the ATH in the next few months.

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