I'm starting my accumulation of WKHS .
This trade like any its tricky and can be very volatile. I selected areas on the chart that are important zones and can act as resistance and or support in the future .
Trade is based on short squeeze idea . This stock its currently under big short float above 40% .. last week was at 48% so some players...
WKHS (Workhorse Group, Inc.) is a swing-trade idea that presents the following (Bullish) conditions:
1.) The 5-day moving average is about to cross the 21-day moving average price. When short period moving averages cross above long period moving averages, it tends to indicate an upward price movement.
2.) The monthly "Moving Average Convergence/Divergence"...
Workhorse - WKHS - I know you don't want to hear about Workhorse right now. But WKHS is looking Bullish? If the double bottom support holds then this could turn into a 100% gain from $15 to $30 in the recovery. We love 100% potential move because even if it goes 1/4 or 1/2 way it is a nice gain. Patience is key. Otherwise WKHS just needs some strong news.
Sell off had been quickly offset by large volume in buying.
See 4H candles.
Also, on 5m chart, high volume near the end of trading day. That’s why buyers do when they don’t want to alarm anyone, driving prices higher before necessary.
Neutral to very bullish.
saw a sharp drop cause of losing UPS contract;
heavy overreacted and a counter move is possible
entered 15,20 USD
vwap sits atm at 20 USD as 1st TP
still 26,71 USD is possible with good earnings figures as 2nd TP
no trading advice
Workhorse is slowly retracing after printing its ATH back at the start of Feb 2021 for $42.93.
We are currently sitting at the midpoint of the ascending channel at around $34 .
Looking at the speed of the WKHS rise I would like to see a retrace back down to the box marked on the chart, with confluences at the 0.618 Fib , 200EMA and Volume profile and the...
I believe a simple comparison between Canoo and Workhorse prototype will clearly show you how undervalued Canoo is.
Canoo marketcap : 611million
Workhorse: 4.3 billion
I believe in the coming months Canoo will be the superstar of EV makers in the stock market ..!
Workhorse is one of our favorite EV stocks, one of the reasons for that is because it's been around for a while (started in 2007) and they are not just dealing with EV and EV batteries but also with Drone technology. Drone technology is expected to grow its use widely in the USA and following the announcement of the FAA that drones need to remotely identify...