Reversal in action

2018年3月24日

WKHS has been on a multi-day decline and broke below the bottom trend line. On 3/22 it saw it's first green day with a nice bullish candle potentially signaling a reversal coming. Today (3/22) opened above yesterday's close and ended the day strong at 2.83 with a 2.87 HOD. Next week it needs to break 2.85 and close green to confirm a reversal where the next resistance could be 3.00. If the price does continue up, it needs to hold above the trend line to remain bullish. MACD is also curling up and RSI is heading back into the bullish zone. The purple rectangles are just visual representations of what could happen.

Recommendation: Swing/Hold