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BenKnee
Oct 20, 2020 10:25 AM

$Wkhs Short

Workhorse Group, Inc.NASDAQ

Description

Looks like a bear pennant, death cross on 1hour... expecting downside to $20.83
Comments
MrEBITDA
This thing has been falling harder than NKLA! Long holders be weary.
SimplyCash
Nice analysis.
mbelasy
Do you think I 20.80 is the bottom? What happened to all the bullish signals
Karomak11
@mbelasy, dont let shorts like mjbailey fear mongering. he is hopping in all these comments and doing same thing. there has literally been nothing but good news for this company. the stock was trading on USPS highs for so long, a correction was bound to happen. if you can stomach days like this, and you believe in the company, than expect it to adjust back up. ive been buying dips for past week.
mbelasy
@Karomak11, I sold yesterday and I know it was a bad move, I might buy back again.
BenKnee
@mbelasy, just my opinion, I would hold off buying as my bear count I can see this hitting roughly $15 Im bullish long term though and will likely buy there
mbelasy
@BenKnee, I do not understand how can WKHS on a downtrend going down to 15 and yesterday it went up 9%. ? I do not understand that?
BenKnee
@mbelasy, that was my bear count meaning possibly worst case my Elliot wave count lead me to. During a down trend like an uptrend in waves theyll hit targets (or resistance and support) and people will take profit or cover and go long to ride the momentum up or down thus gaining $ playing both fields
mbelasy
@BenKnee, i sold at 91.20 while my average was 25 then a day later WKHS was up 9%. I would rather buy at 15 but does not look like it. I am now being out of the game can not gain anything and WKHS might not get to 15 at all. Anyway Thanks!
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