Reversal in actionWKHS has been on a multi-day decline and broke below the bottom trend line. On 3/22 it saw it's first green day with a nice bullish candle potentially signaling a reversal coming. Today (3/22) opened above yesterday's close and ended the day strong at 2.83 with a 2.87 HOD. Next week it needs to break 2.85 and close green to confirm a reversal where the next resistance could be 3.00. If the price does continue up, it needs to hold above the trend line to remain bullish. MACD is also curling up and RSI is heading back into the bullish zone. The purple rectangles are just visual representations of what could happen.
Recommendation: Swing/Hold
WKHS trade ideas
WKHS - Flag formation Long from $4.62 to $4.93WKHS was first found on May 4th, and its been performing very well since. Now it seems breaking out for further upward rally. We think it has good upside potential.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Fallen angel continuation; Flag formation
Entry Target Criteria- Break of $4.62
Exit Target Criteria- $4.93
Stop Loss Criteria- $4.23
Indicator Notes-
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WKHS- Flag formation long from $3.12 to as high as $5.17 WKHS is forming a flag in hourly frame chart, and looking very good as long. Moneyflow shoot up from negative to positive. We think it has good long term upside potential.
* Trade Criteria *
Date first found- May 4, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $3.12
Exit Target Criteria- $3.37, and $5.17
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WKHS- Fallen angel pattern Long from $3.33 to $5 areaWKHS seems forming a nice fallen angel pattern. It crossed above EMA lines & MA20. It has good upside potential, and we think it can go to $5 area easily.
* Trade Criteria *
Date first found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $3.33
Exit Target Criteria- $5
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Cup and Handle or trending down to support?It looks like a nice cup and handle pattern on the daily right now. But, there's no guarantees it's going to stay that way. Without PR, volume, or some other catalyst this is just going to drop to support. Can't predict...just have to react to what the chart gives you. I am HOPING for a cup and handle confirmation. I would love to hear any other observations, comments, ...etc.
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the WKHS if it trades at 8.83 or higher. If triggered, place your stop at 7.39 and exit the position for a profit at 10.16 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com