Wayfair Inc. (W) has been caught in a serious situation of allegations accusing the company of involvement in a human trafficking ring. The hashtag #WayfairGate was trending on twitter as thousands were bringing the issue to light. From a trading standpoint, Wayfair has been looking like it may be a potential short, with weak indicators and currently an ascending triangle pattern. With this news coming over the weekend, Wayfair may see heavy selling volume at open on Monday, which will look to possibly fill the first gap at the beginning of the chart pattern, and possibly further down to the open of its July 1 price surge.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.