Similarity to CLOV's 7-9 June Run
Check out the 1 min charts for $ContextLogic(WISH.US$ and $Clover Health(CLOV.US$. WISH's 21 June run (yesterday) was really similar to CLOV's 7th June run on Monday (though CLOV went up more then) - coincidentally similar prices too. If we get a 7pm (US 7am) spike during pre-market, that could signal increasing hype / demand and we could see a similar parabolic movement a couple of hours after opening when more people start FOMO-ing (WISH is already the top mentioned ticker on WSB, by miles. Kinda like CLOV couple of weeks back.).
But remember that fundamentals are pretty different - different industry (healthcare vs online shopping), 5x more share outstanding, WISH has remarkably more Twitter / Stocktwit attention at present + higher analyst target prices. WISH seems already overbought too but we've seen how hype doesn't follow logical / fundamental analyses - at least for a day or two.
As always, this is not financial advice, just smooth-brained pattern matching and drawing parallels with crayons. Never ever put in what you cannot bear to lose. - WISH might be as unpredictable as the actual user experience and shorts might attack anytime. Watch out for misinformation online too, e.g. SI figures. Keep in mind that in the short term, what goes up too quickly will come down hard(er) - though the long term prospects of WISH (and possibly CLOV) still seem decent from an investing POV.
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