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
Comentarios:
Forming a falling wedge pattern after the breakdown yesterday with bullish divergence printing on the wedge. Hold the line.
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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.
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Trade closed. Still looks bearish. Likely dropping to new lows
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Trade open, time to long this gem.
