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WKHS reverses in sync with NKLA
Workhorse Group, Inc.
Long
WKHS reverses in sync with NKLA
By AwesomeAvani
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Updated
Jul 2, 2023
4
Cheer
Cheer
Jul 2, 2023
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
saw a price rise of over 8% Relative volatility has changed from red to green and is above the
running average. The zero-lag MACD shows parallel lines rising above the histogram. The three
in one indicator shows that money flow, RSI movement and momentum are all bullish.
I see the setup as sufficient for potential profit given the risk. I will take a long trade here
selecting an exact entry on a lower time frame chart. The stop loss will be just below the VWAP
lines at $0.8335. ( A rising tide lifts all boats? - FSR FCEL PLUG AND NKLA are rising . so
are TSLA and Ford- I love the buoyancy !)
Jul 2, 2023
Comment
investorplace.com/2023/06/why-are-ev-stocks-wkhs-ride-goev-psny-nkla-nio-up-today/
anchoredvwap
FCEL
FSR
nkla
Oscillators
PLUG
ride
Trend Lines
Tesla Motors (TSLA)
Volume
vwapbands
WKHS
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