$W As of today, there is a bullish sentiment regarding W (the ticker for Wayfair), primarily driven by its recent price behavior showing the formation of a potential "W pattern" or double bottom. This is often a signal of a trend reversal, where the stock may be bouncing off a support level and poised for a breakout. Traders often see this as a good entry point when the price surpasses the middle peak of the W formation, which could trigger a sharp upward move if confirmed by volume increases.

The price is currently around $0.2465, and many analysts suggest that if it breaks above $0.30, it could trigger further gains, with the first target price potentially hitting $0.35 to $0.40. However, risk management is essential, as false breakouts are possible, and a stop loss should be set just below the second bottom.

A conservative buy point is when the price breaks above $0.27 to $0.28, and the price target for potential upside could be around $0.35 based on the pattern's measured move.