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Options360
Sep 24, 2020 10:08 PM

WKHS trend channels, supports & resistances 

Workhorse Group, Inc.NASDAQ

Description

WKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish, then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@9:41am 9/24). Another recent bearish reversal signal was WKHS bounced off the bottom of it’s August 17th to present date lower trend line this morning. And lastly, it broke out of it’s 4 day upper trend line (@12:01pm 9/24 $23.05).
* pay close attention to future movements and good luck trading friends *

Comment

I don't know why the mobile app displays auto fill mistakes: this is what I submitted ""
WKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish , then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@9:41am 9/24). Another recent bearish reversal signal was WKHS bounced off the bottom of it’s August 17th to present date lower trend line this morning. And lastly, it broke out of it’s 4 day upper trend line (@12:01pm 9/24 $23.05).
* pay close attention to future movements and good luck trading friends *

Comment

It did it again. ""

WKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish , then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@ 9:41am 9/24). Another recent bearish reversal signal was WKHS bounced off the bottom of it’s August 17th to present date lower trend line this morning. And lastly, it broke out of it’s 4 day upper trend line (@ 12:01pm 9/24 $23.05).
* pay close attention to future movements and good luck trading friends *

Comment

It did it again. ""

WKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish , then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@ 9:41am 9/24). Another recent bearish reversal signal was WKHS bounced off the bottom of it’s August 17th to present date lower trend line this morning. And lastly, it broke out of it’s 4 day upper trend line (@ 12:01pm 9/24 $23.05).
* pay close attention to future movements and good luck trading friends *

Trade active

WKHS is worth maybe $3 bucks a share without the USPS contract. Bought some Puts / Debit spreads.
Comments
Options360
The first time I picked up shares of WKHS was for 94 cents in May 2019. WKHS sure has made quite the run since then, yet still no real sales. Because their market cap exploded 2500% since then, look for a common stock offering to raise capital coming up in the future.
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