WKHS early breakout from Descending Triangle LONG Long
Workhorse Group, Inc.NASDAQ
Description
⋅ NASDAQ:WKHS
Here on the 15-minute chart, WKHS is seen in an early breakout
from a descending triangle, Trendlines and relevant overhead resistances are shown.
A long position is shown with a 40% upside and an inital stop loss of 8 % for a
reward to risk of 5. The stop loss would be moved to breakeven upon 10% price
rise. While this is a long stock trade setup, a call option trade could be
made from the chart setup here.