/biz/ - Business & Finance

>>20177983
WKHS bounced off of the 200 period simple moving average for the 30 minute time frame. (purple line)
It then established support today, for more than half the day above 16 dollars.
Had 16.40 for resistance for most of the mid day.
It eventually broke the 16.00 support.
Had a couple more dips, but each time the dip was a higher low.
But the highs were also getting lower.
and then at the end of the day, a mad dash upwards. Getting above 16.00 again and even beating the high of the day from earlier when the reversal happened from the 200SMA bounce.

Super low volume though.

But then after hours isn't looking so hot.
A shame because it fought so hard to make it up to 16.85, only to get ravaged in after hours down to, at the point of writing this, 16.29.

Today was such a mixed bag of signals in my opinion. I thought that since it had the reversal, held steady, and then shot up end of day it was looking pretty for after hours to give it a pump.
It's actually pretty scary, considering that really the sell off yesterday wouldn't be that bad if it opened up today at 17.61 where it ended yesterday. But last night's afterhours/PM took it down to 15.77.
If this next round of extended hours treats WKHS just as badly, it could open up at 14.50-ish even though it fought hard today to tread water.
If instead of robbing WKHS from 16.85 down to 16.29 of that 56 cents and instead added to it, making it 17.41, there would undoubtedly be a massive pump tomorrow.
But extended hours keeping it low...That's rough.