BUY $WKHS - PT1 27.78, PT2 30 SL 20.3 - #fintwit
Rationale:
- Green energy stocks will have upward pressure given the current political and economic climate.
- Options flow is highly bullish
- 23 has been acting as a key level ever since the gap down in December
- Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region
- Price recently broke 23 and is retesting that level
- Bullish pennant triangle formation can be drawn
- Recent drawdown is in line with the market
- First profit target is at the next known volume shelf, runners to PT2
- Green energy stocks will have upward pressure given the current political and economic climate.
- Options flow is highly bullish
- 23 has been acting as a key level ever since the gap down in December
- Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region
- Price recently broke 23 and is retesting that level
- Bullish pennant triangle formation can be drawn
- Recent drawdown is in line with the market
- First profit target is at the next known volume shelf, runners to PT2
Trade active:
Still in, just waiting for the next catalyst to push this up.