WKHS - bottom is in
After hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday.
Any near term pullback is likely to be supported at the neckline @ 3.90. And when this happens, it would provide a 2nd opportunity to long at low risk.
Initial target is at 5.20 (inverted H&S target). I'll put initial stop loss several ticks below the neckline @ 3.90. We do not know how much it can recover (am certainly not expecting anywhere it's ATH of 42.96 lol). Trail stops up along the way and let's see how far it can go.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
Any near term pullback is likely to be supported at the neckline @ 3.90. And when this happens, it would provide a 2nd opportunity to long at low risk.
Initial target is at 5.20 (inverted H&S target). I'll put initial stop loss several ticks below the neckline @ 3.90. We do not know how much it can recover (am certainly not expecting anywhere it's ATH of 42.96 lol). Trail stops up along the way and let's see how far it can go.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
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