I will be watching WorkHorse For an Entry in the near future. I believe there is a strong correlation to how the stock is behaving and respecting the Fractal Candles with the Schiff Pitchfork. I believe there is some more downside to this stock, overall in bullish contex. I would like to see a retest of the 50MA and showing signs of support. If this happens, I will be taking a long position if and when it arrives.
Note
I am still on the sidelines on WKHS. I still think this could be a bounce. I have no position open until I get clarification on 22.50 being support on the daily. What a beautiful day on some nice volume though.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.