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Oshkosh

WKHS Swing-Trade IdeaWKHS (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" (MACD) histogram (indicator at bottom) is ending a down wave and beginning a new up wave. 3.) The concentration of volume (Blue/Yellow bars on left) indicates that the majority of investors currently own stock at the $16.20 price level (Point of Control), this level drops by approximately half as the price moves up towards the $17.92 (Yearly) Fibonacci support/resistance level. The volume of of share holders above $17.92 decreases until about $19.57 (Less resistance). Then resistance increases until $21.37, followed by another decrease in resistance until the price hits the next fibonacci support/resistance level at $22.71. This is followed by decreasing concentrations of volume as the price moves up. For movement up beyond this point the following will be critical. 4.) Workhorse was the 2nd place bidder on A major contract to update the postal delivery vehicle fleet for the United States Postal Service (USPS). Workhorse is offering a 100% electric vehicle fleet. The 1st place bidder OSK (Oshkosh, Corporation.) was awarded the contract by the outgoing Trump appointed head of the USPS. Oshkosh is only offering 10% of the fleet as electric vehicles and 90% internal combustion engine. The House of Congress and the Biden Administration may rescind the awarded contract to OSK to meet the requirements of an Executive order that President Biden signed on 25/Jan/2021. If Workhorse is granted the contract, look for a move up from the $22.71 to $27.49 fibonacci support/resistance levels. Just my opinion, not advice. Thank you.
NASDAQ:WKHSLong
by khollspati