WE WeWork potential Short Squeeze at All Time LowWE WeWork reached $1.05 and there were a lot of calls added at that level.
They are either aiming for a Short Squeeze or a potential Buyout, in my opinion.
WE 52 week range: $1.05 - $130.80
I think we might see at least a 2X bounce from this level.
Looking forward to read your opinion about it.
We
WEWORK is working its way UP to series of PRICE GROWTH soon!WEWORK is registering significant volume increase this past few days / weeks with net buy volume surging 100% from 30M to 70M. The sudden spike is conveying that buyers are definitely back in the zone -- positioning on the company's upside reversal play in terms of technical and fundamental aspect.
KEYNOTES:
Unusual Histogram gap jump hinting of buyer's buying spree.
First bubble up volume appearance in 4 months, last one was in February 2023.
Weekly descending trendline break.
Risk Reward ratio on this is significant.
Be guided that the company's current fundamentals is still muted. Factor it in your trades.
TAYOR.
Safeguard capital always.
FUNDAMENTAL / FINANCIAL NEWS:
By Commercial Observer
WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses
WeWork saw strong(er) earnings in the first quarter of 2023, but it’s still seeing $299 million in net losses.
The coworking giant saw an 11 percent increase in revenue year-over-year, according to an earnings report released Tuesday, amounting to about $849 million with net losses down and fundraising efforts yielding about $1 billion.
-------------------------------
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 849M 10.98%
Net income -264M 39.31%
Diluted EPS -0.34 40.35%
Net profit margin -31.1% 45.3%
Operating income -185M 53.4%
Net change in cash 7M 101.73%
Cash on hand - -
Cost of revenue 150M 1.32%
Wework bounced after ER but yet to be optimisticWE is a textbook bullish bat pattern with more than 40% rally after hitting the entry.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic about.
For me it's more like a normal trading story that a trader can't accept failure so try to refund and refund to avoid margin call,
sometimes you may get some bounce to make your account a little bit relieved.
While if you keep on doing this, it's more likely that one day the trader would encounter a major breakdown.
8-10 is the major resistance level that I'll have an eye on short opportunities.
Let's see how it goes yo.
contingent on macro trends we could see nvda 700+nvidia is a great company, great margins and high demand
log chart supports this. bounce on 200ema region, macd cross, break out of descending channel.
positions: 200 shares (long buy from 400s), 640/650c 8/20 @2
manifested of we thru creation of we EXISTING AS WE Manifested of We thru creation of We EXISTING AS We AS Is of we rise as we it is of we ... as we can clearly see upwards as we made it to being of we )
Meditation > Media & News (including youtube)Big banks & whales love the .786 level.
- Volume = big money coming back
- Pure fear in the market
- Let us not forget the internet bubble
- Big picture moves
- Similar EW perspective
- Oversold conditions
Watching for a bounce off the .786 for a retest of the $6000 - $5,800 range
Then we watch for a bull break in wedge or further downside continuation
New money will come back
The fear and panic in the media is a buy signal
Lots of big changes in the world & this is causing people to rethink things.
Stop watching the news & start listening to your heart
Stop reading BS Crypto articles and watching mindless videos (this can damage your perspective and cause mental noise).
Start focusing on the human emotion and the market cycle
Start dollar cost avg
Think like a whale and don't think at all.
As always stay profitable out there.
THIS IS WHY U JUST DONT SHORT BITCOIN AT THESE LEVELS PERIOD!!!!ITS OVER BRO I SAID IN MY LAST ANALYSIS BITCOIN IS LOOKING EXTREMELY BEARISH AT THE TIME BUT IT JUST DOESNT MATTER!!!!!!!!!
6600 before going to hell? Bart patterns and such a manipulation is going on, we may bounce back a bit and then go straight forward to 6600. In previous analysis we did not hit the support levels which was 30% chance, but going above 6360 as i mentioned with 6400 breakout (My sl tooked) This may change a game for a short time only.. Or we may see another bart thing on the 6600 ? I could wait for a little bounce back to long 6380 level with even closer stop loss like 6365 with bigger laverage .
We probably boutta finna make hella coin boisListen. Bitcoin can't just crash. We boutta make finna coin. Just look at all the colorful lines I drew on my graph. Full invest amigos. We're about to make hella bank.
Bitcoin daily chart using the WE indicator Bitcoin daily using the WE indicator that is based on the Ton DeMark indicator.
WE Indicator - Based on the Tom DeMark Indicator and Tone VaysWE Indicator is based on the Tom DeMark indicator
Buy/Sell signals are shown in 1-9 sequences, with the sequence reset on failed previous close comparisons.
Buy/Sell signals are also displayed for aggressiveness with 1-13 sequences.
More features being added --
Input Configuration Transparency
Input Configuration: Transparency FIll
Input Configuration: Multi Colour Filling
Input Configuration: Sell Close Comparison
Input Configuration: Buy Close Comparison
Input Configuration: Fill Sell Colour
Input Configuration: Fill Buy Colour
This indicator is in development.
Cheers,
David Stevens (davro | chillierdavro)
There is a good penetration of the level, we will test the bottoTThere is a good penetration of the level, we will test the bottoms
AUDUSDI did the measurements very fast for the bullish bat very fast in beginning but here is the real spike of the market makers ....... have great pips all
MRF SELL 36150 Stop loss 37450 Tgt 34550 MRF IS CRACKING SLOWLY WHO TRADES INDIAN SCRIPTS SHORT THIS AND ENJOY PROFITS
