itsaarond

Reversal in action

NASDAQ:WKHS   WORKHORSE GROUP INC
WKHS has been on a multi-day decline and broke below the bottom trend line . On 3/22 it saw it's first green day with a nice bullish candle potentially signaling a reversal coming. Today (3/22) opened above yesterday's close and ended the day strong at 2.83 with a 2.87 HOD. Next week it needs to break 2.85 and close green to confirm a reversal where the next resistance could be 3.00. If the price does continue up, it needs to hold above the trend line to remain bullish . MACD is also curling up and RSI is heading back into the bullish zone. The purple rectangles are just visual representations of what could happen.

Recommendation: Swing/Hold
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