1. During last 6 days of trading short volume was 63%. Yet, shorts lost control and failed to bring this stock lower. 2. All indicators started show pressure buildup and today we had higher high after higher low. 3. Increased short sellers posting pointing to elevated fear. 4. Hard stock to borrow, extremely high cost to do it. Panic covering is on the way. This...
Price broke above 24 month high, on huge volume. Took some profit to have funds to buy on pullbacks if we have some. Based on today's action, we may see much higher prices then $5.72 short term. Momo type play is possible this week. Thousands of people just getting notice of $WKHS.
Few things you need to look for a perfect play in this pattern: 1. Ascending triangle are the most reliable in an uptrend, ideally when its formed after golden cross of 50 and 200 SMA. 2. Must have higher lows with increased short selling activity near horizontal upper line. 3. If you have breakout and on top of that you have new 52 weeks height, you have a...