Avoid WHLR due to history of shenanigans and reverse splits, despite strong intraday momentum.

So, all right. This thing started moving in the after hours yesterday. Big spike here in the pre-market above eight and yep, we've seen this before. Came back in. It actually did bounce off the VWAP the first time.

Second time tried to recapture it. Couldn't really hold above it. Now, it seems that we're leaking also below the 65 EMA on this.

Let's see what the news was here on this. Nothing. Last piece of news here was from Friday, September 18th. So, this uh seems like a little bit of a delayed reaction. Did we have a reverse split?

We did have a reverse split. We had one yesterday, actually.

So, there you go. So, another reverse split runner here. We've seen this a million times. Look at the history of this stock doing a whole bunch of reverses. Quick peek at the short interest.

15.16% of the float is shorted here with the reverse split that might be off a little bit. One day to cover float on this micro float now under 600K.

Could be taken for a ride. It's got that low float uh that we like to see when we uh look at these 100% plus runners that uh that take off throughout the day. Uh you have a trend line there from the two peaks that we had in this uh pre-market.

I'm sure you Yep. There you go. Uh wouldn't surprise me if we revisited uh that trend line. Whether or not we break above it, I don't know. I I would think that given the history of this stock, it's probably, you know, more likely than not.

Uh do you have uh fair value uh uh gaps anywhere? because it looks to me like if this continues to come back in, your support's going to be down around uh 4:15 uh to 420. And um if we get that, it looks like we're trying to get some uh some sort of a base formed here soon uh as we approach the open.

And if we do get that, watch for a recapture of that 65 EMA that uh that takes us back up through VWAP. I think that's uh what what what could be setting up here. But if we do continue to lower, that's why I'm I'm wondering if some of this uh uh these highs from the after hours yesterday are going to provide that support we're looking for.

So, I had one fair value gap here uh that was worthy I I think of of mentioning. Um it's not unmmitigated anymore. The stock has already kind of shown weakness post the gap here.

Kind of chopped around and it did make one run up. That was the second point of our trend line. Now, I do have a couple of other bearish fair value gaps, but they're they're extremely small.

I don't know how punchy they're actually going to be here. I think we're in better shape watching the VWAP and the trend line uh for reversal areas to be quite honest.

Yeah, look at where your 200 EMA is right there at four. So, and that's that's where I think the we need to watch for support if we don't get it uh soon as we approach the open.

Wheeler not doing much right now.

Looks like Wheeler is trying to pop back up to the trend line we drew with that one. It's climbing over VWAP here. Is getting some volume expansion. We'll see if it can climb through that trend line.

Looks like the resistance is going to be at six.

Wheeler, by the way, curled up to the VWAP and stopped right there. It it hit the trend line. It hit the trend line. Uh couldn't get through it just yet. Uh volume was looking pretty good there.

I don't think I'd count this out quite yet, but remember this is a very uh lowflat name with it's moving on I think no news, right? That's what we figured out. Uh so be careful with this one.

This could pop up as just as easily as it could get pulled down.

Yeah, looks like Wheeler still trying to push up through that trend line. This this might end up going. And now, you know what's interesting is Wheeler is now being restricted to closing orders only.

I actually think this was toss restricted, too. Um, I feel like we've we've gone through this before with Wheeler.

Uh, Wheeler was closing only yesterday, too, according to W. Okay. Well, I like I said, I I've seen enough shenanigans with this name to know that I should probably avoid it. That's just me, though.

Yeah. I mean, it's Well, let's just we'll we'll watch it for funsies, then. We'll see what if uh if the trend line ends up working, and we can just still identify levels of of support and resistance just for the, you know, the the learning experience.

And look, there goes uh Wheeler. This is you know what we were looking for here. if we want if we were able to take the trade. S&P futures continuing to tick down out of the open here as well.

And Wheeler did go through that that VWAP quite nicely.

Wheeler, man. fortunate that we couldn't uh pick this up because it's it's doing the things all the things we wanted to see. It's still climbing now. U just for the purpose of examination.

One thing I'd want to see with this is a back test of that trend line as support and then if we do get that, we could see some much higher uh prints. But this thing is just shooting up right now.

It's taken out some of these uh previous uh uh pre-market levels. 854 is the high in the pre-market. We're on uh let's see, we got as high as what? 8 I'm sorry, 768 or 770. Looks like 768.

So trying to uh get back up there. This is looking like it's it wants to go into the A handle, but would also like to see a back test of the trend line.

Wheeler going absolute buck wild. 804 your intraday high. 859 your pre-market high. Wheeler coming up to eight. There's the eight print. Maybe you get a little bit of backing off.

Uh could see seven if this comes back in. You could see seven provide a brief level of support. Don't know if we'll get that with this volume expansion we're seeing right now. This may go into a halt.

Oh, maybe not. Still climbing. Looking for uh 854.

Additionally, you have Wheeler. Unfortunately, we a lot of uh, uh, brokers are restricting this one. This looks like it's trying to set up to push higher beyond that uh, 854 high. Just has to hold VWAP.

And just, you know, since a lot of things are having low volume right now, I'm just kind of looking around at other movers we uh looked at. And of course, I came across Wheeler.

This looks like it's uh providing that um that setup here to take it higher into the eights. Uh volume isn't as great as it needs to be, but we could uh just, you know, blow right past some of these levels with how low float this is.

Man, I wish we could have had this one to trade.

Oh, by the way, Wheeler just blowing through or or not blowing through, but moving through eight now. And there is the blow through. Jeez, wish we could have hit this one.