In this daily bar chart of WIX, below, see can see how prices nearly doubled from their December low. Prices stayed above the rising 50-day moving average line until late July and August as the rally turned sideways. The rising 200-day moving average line is comfortably below the price action in the $120 area.
The On-Balance-Volume (OBV) line shows a rising pattern from the middle of November but the line has leveled off in recent days.
The trend-following Moving Average Convergence Divergence (MACD) oscillator has been weakening from the middle of May and is only slightly above the zero line.
In this weekly bar chart of WIX, below, we can see that prices are above the rising 40-week moving average line.
Oddly, the weekly OBV line has been flat to down for the past 12 months and thus not confirming the price gains.
The weekly MACD oscillator has crossed to the downside for a take profits sell signal on this time frame.
In this Point and Figure chart of WIX, below, we can see a potential upside price target of $167. A trade at $138 will weaken this chart.
Bottom line strategy: I would anticipate that WIX trades sideways until we see the weekly OBV line strengthen significantly. New longs should risk just below $138 as we wait for a rally to the upper $160's.