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
If you haven`t sold when you received this signal, after the insider sold their shares:
Workhorse Group lost the race for a key contract with the U.S. Postal Service to a unit of Oshkosh, which partnered with Ford. (investors.com)
But that doesn`t make the...
Oshkosh Defense will manufacture postal delivery vehicles, which will drive the “most dramatic modernization of the USPS fleet in three decades.” Under the award’s initial $482 million investment, Oshkosh will finalize the design of the vehicle for mail and package delivery, and will assemble 50,000 to 165,000 of them over the contract period.
The vehicles will...
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...
Workhorse (WKHS) retraced to the 0.618 after an impulsive wave 1. EV sector is primed to run-up with democratic election win. WKHS has been in rumors with USPS contract and could be a major catalyst for a wave 3
Pride Group Enterprises, which operates 17 retail and rental truck locations in the U.S. and Canada, ordered 6,320 vans for delivery between this July and 2026.
Cincinnati-based Workhorse expects to build 1,800 vans this year.
Workhorse plans to begin fulfilling a pending order from United Parcel Service (NYSE: UPS) for 950 C-Series vans this year. It had a total...
Is GM Driving In The EV Fast Lane Now?
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