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.
Trade active:
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.