Update on workhorse chart ( short to midterm)
What are my reasons to sell workhorse:
1-multiple attempts but could not close above the channel.
2- lower high - Lower Low pattern in daily candle
3-workhorse experienced a 117% bullish rally in 2021, and usually after a sharp rally we will expect a correction . Workhorse experienced a 30-50% correction in the last 3 correction it had!
4- I had price target 40-42 for workhorse when it was 22-23
1-multiple attempts but could not close above the channel.
2- lower high - Lower Low pattern in daily candle
3-workhorse experienced a 117% bullish rally in 2021, and usually after a sharp rally we will expect a correction . Workhorse experienced a 30-50% correction in the last 3 correction it had!
4- I had price target 40-42 for workhorse when it was 22-23
Comment:
Always try to have neutral mindset regarding your investment..!
Trade active:
Only time will show the caliber of an analyst..!
Trade closed: target reached
