WKHS is in similar circumstances as NKLA in the potential for a delisting due to low share
price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea)
Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising
and is above various VWAPs anchored to the left at various points. The last trading day...
Workhorse looks like it could be setting up for a Spring off of an Ice Line that aligns with the 0.786–0.886 Fibonacci Retraces. It also seems to be somewhat Bullishly Diverging on the MACD though not perfectly. If this turns out to be the bottom, then it could go for an inverted AB=CD move all the way up to the 1.272 Fibonacci Extension up at $125.92.
We can see the price action of this chart for WKHS
After the correction we can see the Harmonic Bat pattern, the price stock going for long trend in the next days.
The first target at 0.38 Fibonacci in this area between 0.38 & 0.5 Fibonacci I think it's aggregation zoon for the next momentum to the next target.
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...
WKHS is at the PCZ of a Bullish Gartley on the Daily timeframe.
It's also at the PCZ of a much greater Potential Bullish 5-0 and Reciprocal AB=CD all while Bullishly Crossing Over on the MACD.
If things go as one would expect a 5-0 to go we will see WKHS try to target the $42 Area in an effort to atleast make a 100% Retrace.
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...
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 ...
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...
After hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday.
Any near term pullback is likely to be supported at the neckline @ 3.90. And when...
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,...
Dear Friends
Monthly Demand Zone is Strong Enough and In Daily TF Last Supply Zone Destroyed
We are Waiting Price Comeback To Daily Zone
1:41 Risk To Reward For Following Month isn't Great??
