WKHS recently collapsed on bad news, since then it had traded within a bear flag. The bear flag broke down yesterday, but the move stopped short of the continuation to be expected from the bear Flag. We can see a clear bullish divergence printing. This looks like a bear trap. Buy and Hold WKHS. After a modest reversal occurs, we should reasses the chart and anticipate a lower high to form.
TP:1 $18
TP:2 $21
TP:1 $18
TP:2 $21
Note
Forming a falling wedge pattern after the breakdown yesterday with bullish divergence printing on the wedge. Hold the line.Note
My personal price targets have been raised for the mid term. Looking for $30-$40 at least after a full gap back to the upside.Note
Trade closed. Still looks bearish. Likely dropping to new lowsNote
Trade open, time to long this gem.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.