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Technical Analysis on Wayfair Chart: Topping Tail

Shares of Wayfair Inc (W) surged higher in early trading, only to stage a hard sell. As the trading day nears a close, shares of Wayfair have reversed almost all of their gains and may close negative. The technical analysis on Wayfair chart signals a likely topping tail. Topping tails have power when they occur at 52 week or all-time highs. The high on Wayfair is both of those. A proper topping tail forms when price surges higher initially, then reverses closing the day at or near the lows. This is the case for Wayfair today.

The technical analysis on Wayfair chart is crystal clear. This is a top signal that should get swing traders shorting it heavily. It would not surprise this head trader if the all-time high on Wayfair at $221.54 is the high for many months to come.

A net gain of +1048.38% through June 22nd, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10%+ almost every day (yesterday 3 winners of over 10% each). With the wild swings in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds.  See the technical analysis on Wayfair chart below.