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ericisom887

WKHS - A Boom Now Bust

Short
Workhorse Group, Inc. (NASDAQ:WKHS)  
ericisom887 Updated   
NASDAQ:WKHS   Workhorse Group, Inc.
Trend Analysis Elliott Wave correctivewave priceaction
13
2
trendanalysis elliottwaves correctivewave priceaction
WKHS was probably one of the most hyped stocks comparable to GNUS or even NKLA. Every boom has a response sadly. After returning nearly 1000% returns for those who got in early, it appears we're in the midst of a VERY heavy corrective wave that will hurt those who have entered in the past 2 weeks.

Retrace point of invalidation: 21.25

Conservative price target: 12.70
Overall price target: 10.29
Comment:
snapshot

Crash happened much faster then expected, it is likely we see a strong retrace from here close to the $20 range. Best to prepare for that.
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