Workhorse could start working again as the 50 minute chart is showing a suggestion of a reversal
after a long trend down. Price has passed over the longest moving average which is a SMA20.
The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all,
there are some golden crosses here. Blue buying volume spikes are seen on the relative
volume indicator and they are about six times the running mean. In a bit of divergence the
price volume trend has oscillated up. Overall, this is a penny stock with a price under $ 1.00
It appears to be starting a trend up. I will zoom into a lower time frame and find a optimal
entry. I amy get call options as well. The risk in the trade should be limited by a stop loss
wide enough to allow for a true range or even twice that. My target is about 1.15 the price level
at the time of the last good earnings report. This is about 300% upside. It will probably never
get there but hay you never know. Stranger things have happened.
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WKHS rode up a bit today. Share price up 8% calls a lot more. Stop loss now 2% above stop even on shares and 15% above breakeven on calls. No risk in this trade. That's the way I like it. 3 weeks until earnings. Looking for more before then.
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Daily Chart zoomed. Looking for a few more sprints on the ride to get a short squeeze underway.
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SEE ALSO FFIE a fellow penny EV Stock making an upside move
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WKHS is looking good to start out the week
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WKHS had a hard push in sustained momentum - now do for consolidation for traders to digest the move and find consensus as to continuation or reversal. Added to the position. No unrealized profits were taken. A huge day while TSLA faded again. Stronger than the general market. Looking for more.
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Height of squeeze histograms is rising. No short volume up 5X on 2/14 see the link here-
This smells like a short squeeze in formation. Buckle up as it could be a helluva ride.
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WKHS fell to the support trendline at 0.33 so shares added close to the mean anchored VWAP.
Look at history of WKHS and how it has traded for many years. You’ll know where it’s headed.
AwesomeAvani
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@drjnaqvi, Actually I have looked. Seems possible that you cannot read charts. Was WKHS trading at 4.00 as recently as two years ago? Yes or No. See the immediate past trend here. Up 50% in how many days? Res ipsa loquitur. If you trade well, trade often. If you do not, trade less.
AwesomeAvani
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@drjnaqvi, Some would say 22% in one day is a bullish move. I am in that group. Some would be defensive and take profits. I added a lot more. To each his own.
drjnaqvi
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@AweskmeAvani Party is just getting started. Anyone with patience will hold this thing through 2024. I have been following them for more than three years. Their time has come.
AwesomeAvani
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@drjnaqvi, when I see a 22% pump in one day I think two things- is the short squeeze on ( I think it is) and could the price go 3-4X in the next week or is it going to fade until a consolidation prints a new consensus as to fair value. I just try to ride the wave and cannot devote much time to it as I am running 29 positions right now over all and its more or less whack-a-mole adjusting them. I have an excellent ROI i think also I like to get in before the rush hour.
@drjnaqvi, I do not do long term except blue chip leap options into January 26. I too have acquired call options and put options to play a complicated zig zag and sometimes spread. The EV sector has life and the ETF EVAV show the spartk. I play intraday with options and have played FSR NKLA FFIE and WKHS because they have great range and as it turns out my forecasting tools are fairly accurate. OTM calls that become ITM in the same day the returns start at 500% and up up from there. and they are bought dirt cheap so if they go to zero it is ignored. Sometimes the winnings going up are redeployed before settlement into and so the return can be 1000X for instance. Rinse repear dry off and take a break. I have patience but I also have ADHD and autism so its all a mishmash.
AwesomeAvani
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@drjnaqvi, the reversion to the mean and the rubber-band oscillator sometimes have a value. I follow anchored VWAPs way far anchored to the left and volume profiles along with BBs.