WayFair Earnings + Once in a lifetime Oppourtunity

The consensus earnings per share (EPS) estimate for Wayfair Inc (W) is -$0.75 for the quarter ending August 03, 2023. This represents a decrease of 150.00% from the EPS of $0.30 reported in the same quarter last year. The consensus revenue estimate for the quarter is $3.1 billion, which represents a decrease of 1.30% from the revenue of $3.14 billion reported in the same quarter last year.

It is important to note that these are just estimates, and the actual EPS and revenue figures could be different. However, the consensus estimates give us a good idea of what to expect.

If Wayfair meets or beats the consensus estimates, it is possible that the stock price could go up after earnings. However, if the company misses the estimates, the stock price could go down.

Here in chart one we see that there is a triple top forming.

The pattern is formed when the price of the stock reaches a high three times, but each time it is unable to break through the resistance level. The pullbacks between the highs are called the swing lows. After the third high, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside.

If the triple top pattern is confirmed, it could lead to a sell-off in Wayfair stock. However, it is important to remember that no single pattern is foolproof, and you should always do your own research before making any investment decisions.

Best,
Jacob

Commentaire:

Looking to push through the 1 level get ready for a breakthrough, looking to add.

Transaction en cours:

add more shorts, clear bear run as of now XD