Year to date, WHL has traded in a downward trend with the price now nearing the lower boundary of a channel that stretches back to November 2015. A analysis of the volume flows suggest that while price is trending lower, buyers are using the opportunity to close accumulate share. Yesterday we saw the share closed at 4400c, however there may be lower print before the next ‘swing’ higher. I’m looking for a print below 4280/90c (if it trades here) as a low-risk entry for a move back near the mid-point or even top of the channel. Should the anticipated levels not emerge, I would consider the idea invalid.