I am interested in WKHS here, been eyeing it for ages since @timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using T@M and Key Hidden Levels techniques. Keep an eye on this one, lately TSLA and NKLA have caught everyone's attention, it will certainly drive interest towards WKHS going forward. They have GM backing them, and some deals with USPS and UPS up their sleeves. Small company, but certainly interesting. If the market peaked, we might see it slide back down to support, so keep in mind this bearish scenario. I doubt it will go much lower than that if it does drop.
Cheers,
Ivan Labrie.
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So far, so good.
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We will get a nice gap up today. News came out after hours yesterday, a new order of 1200 trucks for Lordstown, who have a licensing agreement with #WKHS. It was upgraded by analysts as well. Monthly signal is valid, so it warrants patience.
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I am still in this position, looks constructive so far, but you might want to figure out a strategy to contain downside risk. My clients and me took a particular one, but I won't detail it here.
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Consider taking profits or shorting calls here...
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There might be chance to reenter later on, keep an eye on this one.
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I'm exposed via some put shorts at a lower price where I'd like to get filled if price drops. Else I get a 67% annualized premium for selling puts.
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Bought back some shares here.
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Looks like a potential bottom for WKHS.
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Sideways under accumulation, looks ready to move further.
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Weekly trend active, next target is $36 ish.
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On Track.
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Finally ready to move...
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Here is where you'd try to bottom pick this one again.
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The last bottom picking attempt failed and costed me a bit, but still not the end of the world. Watching this stock closely now, the monthly down trends in place expire in the next few days, January can be a big month for Workhorse if it goes well.
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I'll make a new publication once a daily timeframe buy signal comes, next one might be a great entry to capture a big relief rally. (I suppose it could happen in most ARKK names)
Somebody get this man a medal! You called it you son of a bitch! I have a large position in WKHS, but am worried I got in too late, and it will ll be losses from here :( If you happen to see this, do you think entering at 17.00 is too high, and should I get out while I still can or ride this rocket to the moon? Thanks man.
Dabbl3r
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You're a genius to have called this. I hope we stick to your chart!
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@Dabbl3r, I sold for now, looking to rebuy soon if viable. Hopefully it does hit the target, it is quite conservative when you factor in #NKLA's market cap and #WKHS fundamentals.
wow what a genius, what's the next move? are we going to see $18-20 ?
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@janiv17, I'm long from here, I think we retest the highs and might go a bit higher this time. Wouldn't be crazy to expect this within the next 2 months.