Fartfetch (FTCHF) has experienced a notable shift, especially following its acquisition by Coupang for $500 million, effectively saving it from bankruptcy. Notably, the recent price movement has filled a significant gap dating back to the 2000s. What's intriguing is the lack of attention on this stock, suggesting that significant players, or "whales," may be quietly accumulating positions. With Coupang's rescue and acquisition, the potential for a return to $6 seems plausible, potentially turning small investments into significant gains.
On the two-week chart, the RSI is teetering on the edge of breaking the falling wedge pattern, indicating a potential bullish breakout. Despite recent platform restrictions favoring selling over buying, this could be a sign of impending positive sentiment.
Remember, I'm not a financial advisor. This is simply my personal observation and investment strategy.
On the two-week chart, the RSI is teetering on the edge of breaking the falling wedge pattern, indicating a potential bullish breakout. Despite recent platform restrictions favoring selling over buying, this could be a sign of impending positive sentiment.
Remember, I'm not a financial advisor. This is simply my personal observation and investment strategy.