WKHS 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
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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,...
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
