HoldInnerPeace

Low trading volume won't support price

Short
BATS:W   Wayfair Inc.

The supported value is 35$, until there is a fundamental change of sales market.
The economic environment doesn't support the growth of W. From diagram, the 35 has been the supported price over 1 year of time. The economic isn't better over the past year.

Short term will drop back from 75$ to 35$.
After 85$ high at Augest 03, the Volume continues go down as well as the price decreases. During Sept 18-28, the price drops because of the interest rate increase. The worst economy environment won't support the stock price.

I think the down trend is continuing until the volume back to 4-8M
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.