Hi there Reddit. I’ll attempt to make this so simple as attainable. 📝
DD will primarily concentrate on inventory technicals and up to date SI numbers for WKHS.
Fast information I wish to share:
• WKHS will likely be on S S R (Brief Sale Restriction) at the moment (Friday)
• WKHS hit a file excessive of brief float yesterday (Particulars later)
For reference, final time WKHS was on S S R (June 7) it had a inexperienced shut + rally.
WKHS together with the most well-liked Reddit tickers had a tough day yesterday, however it appears Pre Market is optimistic for at the moment! 📈
Now what inspired me write this DD is Ortex’s “Brief Squeeze” sign issued on WKHS earlier.
As a subscriber, I additional seemed into the SI numbers on the Ortex web site.
Right here’s the up to date SI stats as of Yesterday:
And yep… Took me some time to soak these numbers in additionally… 🤯
Just lately WKHS has been creating “greater lows” closing constructive three of the final four buying and selling days.
Yesterday, it confirmed main help on the $15 line.
With rising buying and selling quantity + mentions throughout social media platforms it actually looks as if this might be the prime inventory for a respectable “squeeze”
To date it’s simply gone up on momentum alone.
I additionally imagine bears have run low on excuses to brief
• Final week: WKHS received a downgrade from Cowen
• Earlier this week: RIDE flash crashed and bears anticipated it to ripple into WKHS
• Yesterday was most likely their greatest wager for draw back motion (CPI information fears)
And but, all in all, WKHS has held regular (+5% week over week)
Upside potential is simply TOO nice for me.
I’m personally loaded with 30okay shares and averaging!
Anyway, I ought to cease now as I’m on cellular and it’s getting late so if that appeared fast I apologize!
To make up for it I seemed up the SI stats for the WSB “Day by day Well-liked Tickers” (by way of Ortex) $CLOV $CLNE $BB
Right here: https://imgur.com/a/M7ykBQC
Get pleasure from!!! 🦍