Sagar Nandi
Fundamentally weak stock displaying bearish headwind at the very top.

CUE 360° analysis summary

$W is giving a Headwind short setup today on 22nd Mar.

(1) The Internet & Direct Marketing Retail industry is decelerating. (2) It is not weak relative to other industries today. However, most of the industries are down and this industry is also down today. When the market is so bearish, you may consider shorts in any declining industry. Not necessarily only in the weakest industries. (3) W is overvalued, and (4) has negative earnings growth. Fundamentally, it is weak. (5) On the weekly chart, W candle Backdrop color is turning yellow, neutral. (6) Daily presented a Bearish Headwind reversal signal. (7) The stock is breaking Memory trend line support. (8) The stock is falling with Extreme Bearish Pressure. (9) All these bearish indications are coming at Price Extreme (Pendulum) High.

You may be cautious if you are holding a long position and look for a low-risk shorting opportunity.

All the snapshots are from around 2:00 PM EST on 22th Mar 2019.

Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

W EDGE 2019-03-22_13-53-20.jpg  W FUND 2019-03-22_13-51-39.jpg  W TECH 2019-03-22_13-50-24.jpg 
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Sagar Nandi
1) The short idea on W was shared on 22nd Mar.

2) By 1st Apr W had hit the initial profit target of Lower Boundary and profit could be booked.


w  followup 2019-04-02_4-55-06.jpg 
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