TroydTrades

BUY $WKHS - PT1 27.78, PT2 30 SL 20.3 - #fintwit

Long
NASDAQ:WKHS   WORKHORSE GROUP INC
Rationale:

- Green energy stocks will have upward pressure given the current political and economic climate.
- Options flow is highly bullish
- 23 has been acting as a key level ever since the gap down in December
- Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region
- Price recently broke 23 and is retesting that level
- Bullish pennant triangle formation can be drawn
- Recent drawdown is in line with the market
- First profit target is at the next known volume shelf, runners to PT2

Trade active: Still in, just waiting for the next catalyst to push this up.

Comments

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