WKHS hit resistance at $30 area, then got hammered more when USPS delayed the contract with WKHS.
Since then WKHS has broken through the daily 20ema, there was a nice bounce today from $19 area but don't see any reason it can hold this level and not continue dropping to $15-$17 area.
$15-$17 area is where our POC on volume profile is, if we can get $14, great value add for a swing trade to the long side, for now, short side might be more juicy.
Will see how this one goes tomorrow.
Will update with a new idea when WKHS approaches POC for a swing trade to the upside.
Since then WKHS has broken through the daily 20ema, there was a nice bounce today from $19 area but don't see any reason it can hold this level and not continue dropping to $15-$17 area.
$15-$17 area is where our POC on volume profile is, if we can get $14, great value add for a swing trade to the long side, for now, short side might be more juicy.
Will see how this one goes tomorrow.
Will update with a new idea when WKHS approaches POC for a swing trade to the upside.
Dagangan aktif
Volume still not strong enough for me to enter long, still watching to see how long we can go on WKHS. There is a clear downward trendline on large time frames. If WKHS cracks under $20, I may get a starter position.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.