WKHS is setting up for a short ( again) OR could it reverse ?

3 thg 2

WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending

down in a descending channel. There has been substantial volume on the bearish only volume

profile albeit at higher prices. A small spike of selling volume while price is near to the upper

( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time,

it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume

tells me there are short trades underway. My idea however is to look for a reversal so long

and watch for a short squeeze to add into the rising price with more position. Probably will

not happen but it goes onto the watch list.

7 thg 2

Giao dịch đang hoạt động

Since WKHS looks to be in an early breakout I took a long entry today. Watching for
price action validating the trade and then moving the stop loss higher if price action
allows it.

9 thg 2

Đóng lệnh: dừng lỗ

WKHS faked me out with a dead cat bounce. Closed long went short.

10 thg 2

Giao dịch đang hoạt động

Watching only. HH and HL suggest a reversal will be checked further after the morning price action next Monday. No revenge trading allowed.

10 thg 2

Ghi chú

Watching only. Looking for a descending channel breakout with confirmation. Upon that enter with a target of 0.29 ( 10-15%) setting a stop at 0.015 -.018 below the
limit entry 0.01 above market for slippage protection on the order flow.

21 thg 2

Ghi chú

Shares added at 0.33 in the pullback earlier today near to the mean anchored VWAP.