NASDAQ:WKHS
Here on the 15-minute chart, WKHS is seen in an early breakout
from a descending triangle, Trendlines and relevant overhead resistances are shown.
A long position is shown with a 40% upside and an inital stop loss of 8 % for a
reward to risk of 5. The stop loss would be moved to breakeven upon 10% price
rise. While this is a long stock trade...
NASDAQ:RIDE
RIDE , an EV stock has a catalyst in the new federal legistlation.
It has been rising in an ascending channel since early July when it reversed
a downtrend with a double bottom
Here on the 4H chart are supply demand zones, the volume indicator and an
EMA ribbon surrounded by Bollinger Bands.
Blue volume spikes with the recent excellent earnings...
WKHS on the 2H chart is showing an ascending megaphone pattern.
Price is currently sitting on the ascending support line and above the POC of the volume profile.
The MACD lines are underneath the histogram while the RSI is in the mid-range.
I see this as a swing long setup targetting first the top of the volume profile
and then the upper resistance trendline ...
RIDE has finished a downtrend the past ten trading days
and now appears to a retracing that downtrend.
The upside here is about 16% to the mid Fibonacci level.
The MACD shows an early K / D line crossover as a lagging
indicator.
The RSI is in midrange being neither oversold or overbought.
I see this as a setup to trade a swing long trade or a call option...
NASDAQ:TSLA
TSLA is now retesting a breakdown below an ascending channel
I intend to short this with the bear ETF TSL for a 1.5X leverage
that way I can buy several shares and tier out of the position sequentially on progress
Once a downtrend becomes established a pull option for a few weeks expiration.
( always watching the TWTR saga and also any signs of...
I will list a series of facts, which make me think we can gamble a small amount of money on a long shot trade entry in $WKHS:
The new climate spending bill includes items that could benefit EV names, and there could be renewed interest in names that could end up landing the deal with the United States Postal Service to provide them with vans. www.bloomberg.com
...
Workhorse Group
Short Term
We look to Sell at 3.19 (stop at 3.42)
A shooting star has been posted as prices reject the higher levels. Previous resistance located at 3.14. The medium term bias remains bearish. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff.
Our profit targets will be 2.67 and 2.45...
In no way, shape or form am I an expert in charts but I like to look and learn from them.
Based on trading since June-July 2020, following seems to be key resistance and support for our horse.
$4.7 to $5.48 (currently we are in that trading zone)
$6 to $7.25 is where we traded from late Sept till Nov 2021
From early April till May 2021 there is a narrower...
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron,...
cypher harmonic pattern:
X=$61.5
AB=0.61 XA
BC=1.41 AB
0.78 XA=$24.47
1.27 BC=$29.7
0.88 XA=$37.64
1.6 BC=$96.67
1.13 XA=$107.65
2 BC=$355
the 2nd wave has been considered cypher too:
ab=0.61 xa
bc=1.41 ab
I am interested in $WKHS here, been eyeing it for ages since @timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using T@M and Key Hidden Levels techniques.
Keep an eye on this...
You can distinguish a bubble, participate in it take your profit out, and leave the tears to others!
Don't you believe it?
Check my previous posts on Workhorse NASDAQ:WKHS :
Oct 23, 2020:
Is the correction finished in workhorse?
Jan 6
40 -42 would be the new target!
Feb 11
What are my reasons to sell workhorse:
1-multiple attempts but could not close above...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells...
Workhorse Group Inc. (WKHS) share float shorted: 36.60%
Yesterday $35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts.
With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance.
You can see on the chart other price targets from analysts.
I look forward to read your opinion about it.
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells...
Very Bullish on $WKHS. Bat is the best performing harmonic pattern. This was a deep one but I believe we're now looking for a confirmation low before smart money pours in. PT for entry. I believe now would be fine but it may retest a new PCZ of $6.12 (.886)
