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drjnaqvi
Mar 30, 2022 9:14 PM

Workhorse #WKHS support & resistance Long

Workhorse Group, Inc.NASDAQ

Description

In no way, shape or form am I an expert in charts but I like to look and learn from them.

Based on trading since June-July 2020, following seems to be key resistance and support for our horse.


$4.7 to $5.48 (currently we are in that trading zone)

$6 to $7.25 is where we traded from late Sept till Nov 2021

From early April till May 2021 there is a narrower area of resistance/support $11.66 to $13.36

Our major areas of support/resistance where you can see the heaviest volume is from $13.90 to $17.69 (this is where myself started buying WKHS last year).
We have wandered in this price range at least 3 times over the last 2 years; July till Sept 2020, Feb till March, followed by June till July 2021.

Last area is from $22.4 till $30.44.

Gap plays to watch

$7.25 to $11.66
$17.6 to $22.4
$30.44 to ATH of $42.89


#WKHS
#WKHSto100
Comments
oversoul
Thanks,

What is you price target in 2022?
drjnaqvi
@oversoul by the end of the year 6-9. Lot depends on what they say this coming ER on 8/9/22.
drjnaqvi
Very good change that has occurred over the last month or so is that WKHS is following major indices, which makes me think that it is back on trading algorithms.

They have few major catalysts coming. If market keep on gradually improving, company continues to deliver on promises; double digits by the end of 2022 or earlier.
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