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7th January 2019
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7th January 2019

Wayfair Inc NYSE american stock buy opportunities at monthly demand imbalance around $74 per share. Wayfair has been dropping for about four months since it reached the $151 mark and now is too close to monthly demand level around $74 where longs will be possible again if price retraces to that imbalance. There is a good weekly demand level around $71 per share nested at that monthly demand level.

Price fell short of retracing to weekly supply level at $117 and continued its decline, now it is too low to go short, potential buy opportunities could be created at new demand levels.

Wayfair, Inc. is an American e-commerce company that sells home goods. Formerly known as CSN Stores, the company was founded in 2002 and now sells many home furnishings and décor items and over ten million products from over 10,000 suppliers.  Furniture and home goods e-tailer Wayfair (NYSE: W) lost to the market last month, dropping 15% compared to a 9% slump in the S&P 500. The drop still left shareholders in positive territory for the year, however: The stock gained 12% in 2018 while the broader market fell 6%.

We are interested in buying Wayfair at monthly demand level around $74 or lower if price retraces down there.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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