WKHS Recent Downtrend Breakout - Important Levels
After 3 months of downtrending, we finally pushed above the wedge and over the POC (Point of Control)
With publicity from WSB and a boom in volume, there is big potential for WKHS to spike to the 20's and higher.
A bull flag can be identified on the 30 min chart with the end of Friday leaving us sitting on an important level of support.. which is comforting.
Monday premarket will be the deciding factor for if we continue higher or potentially drop back into the wedge. We have a gap fill around the 28.00 area, but this is out of the question until we get over 21.03 (Second Target).
Here are the levels I am looking at:
Entry - 13.48
1st Target - 15.68
2nd Target - 21.03
Stop Loss - 12.33
Wait for a bounce off POC and breakout from 30 min bull flag @ 13.48 for entry. This is a simple play, no need to make it complicated!
With publicity from WSB and a boom in volume, there is big potential for WKHS to spike to the 20's and higher.
A bull flag can be identified on the 30 min chart with the end of Friday leaving us sitting on an important level of support.. which is comforting.
Monday premarket will be the deciding factor for if we continue higher or potentially drop back into the wedge. We have a gap fill around the 28.00 area, but this is out of the question until we get over 21.03 (Second Target).
Here are the levels I am looking at:
Entry - 13.48
1st Target - 15.68
2nd Target - 21.03
Stop Loss - 12.33
Wait for a bounce off POC and breakout from 30 min bull flag @ 13.48 for entry. This is a simple play, no need to make it complicated!
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