The shares of $WKHS sank 52% in two days this week after the USPS said Oshkosh Corp., not Workhorse, would get a contract to build new vehicles for mail carriers. They rebounded 25% on Thursday after a congressman said he was trying to reverse the decision, only to resume the drop on Friday. The stock lost 51% of its value this week.
Fundamental analysis:
This might create great opportunity for investors to BUY dip.
However; we should be very careful .
Technical Analysis:
$15 per share acting as strong support for $WKHS.
The price tested $15 area 3 times and got rejected as it was marked on the graph.
Here we can risk 4-5%, But if the upward tred starts moving the reward will be bigger.
Fundamental analysis:
This might create great opportunity for investors to BUY dip.
However; we should be very careful .
Technical Analysis:
$15 per share acting as strong support for $WKHS.
The price tested $15 area 3 times and got rejected as it was marked on the graph.
Here we can risk 4-5%, But if the upward tred starts moving the reward will be bigger.