Wayfair (W): Bullish breakout and retest

We flagged Wayfair (W) as a stock positioned to break out from a 2022–2025 big base pattern in Straight from the Chart on September 29.

W broke out from this big base in late October and retested the breakout last week. Continuing to hold the 92-90 area would solidify the bullish setup for W with upside potential beyond the stock's November highs at 114.64-114.92 toward the big base pattern count and 38.2% retracement of the January 2021-April 2025 decline in the low 150s (153 area). The rising 13-week moving average near 95 reinforces this bullish setup.

Chart 1: Wayfair (W): Weekly chart