WHC may be providing a great buying opportunity. It had broken its two year downtrend line in November 2020, with high volume. The recent swing low has been an aggressive sell off, but it seems that its a retracement of this new Uptrend and the recent bounce with high volume suggests that the swing to the upside has begun. With strong volume and strong bullish price action, I think this has massive room to the upside. The pattern being formed is an ABC pattern which suggests a potential gain of minimum 60%, which is a measured move of Wave A. The current Wave C is expected to reach this measured move at a minimum, with an approximate target of $2.45 with a stop below $1.100.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade