WKHS forming flag patternWKHS looks bullish with flag pattern and good volumes target ATH and levels mentioned in the chart. I would wait for a clear breakout of the pennant to make an entry.
WKHS
Waiting for the Swings: WKHS and SHLLRight now, two stocks that I am keeping a close watch on include WKHS and SHLL. I think that WKHS and SHLL should both have a positive swing pattern very soon, and overall I'm bullish. I think resistance and the short sellers are about to pop. That being said, proceed in your own risk. As always, everything I say is on an opinion based basis. Please do your own due diligence.
$WKHS is ready for a boost outside the bears & retail investorsLots of people have been overly bearish outside of the pattern it should be in, and aren't anticipating the USPS closed deal and upcoming announcements w/ WKHS. People see it going down, and they start automatically panic selling and expecting PRs every few hours. This has been happening w/ alot of stocks lately. It is an amateur's game in the market, especially with the huge EV bubble going on right now. People who thought this was amazing change it to neutral , and you have alot of Robinhood accounts getting this stock. Honestly, I don't like it when analyst change their minds like flipping a coin. It happens too frequently. Also, with the rise of Robinhood accounts you likely also see a rise of unprofessional investors who invest based on feeling. Right now, you have a lot of negative sentiment. Everything going on is okay, and I feel like those who lose patience may be in for an awakening. That being said, invest at your own risk. Perform your own due diligence, and as always, this is on an opinion based basis. Nothing I say is meant to be taken as serious actionable financial advice.
Classic elliot wave with double bottom.Classic Elliot wave with double bottom. Without news this may complete with a lower PT around ~$10
NKLA Long Idea?NKLA off the 50sma? with TSLA, WKHS, NIO and other EV manufacturers blasting higher, can NKLA soon follow. Might be low risk here. What do you think? Up 9% pre market.
$WKHS long and strong a bunch of momentum in this stock not to mention the momentum in it's specific EV sector with $TSLA showing historic gains and $NIO joining the party. The companies with product out now are getting rewarded as Nikola has seen a bigly reversal. Don't see much downside but always need to be aware and focused when watching your investments. Complacency is the easiest way to lose your profit after putting in the work to get you in a situation of profitability; a lesson for myself and others don't get complacent. You never know what's going to happen in these markets and as of now $WKHS is a largely speculative stock/company. Great potential and upside, but is coming off of 12 days of green (following 2 red days) but we've seen these go either way so cautious with these high flyers cause they will fly in both directions.
WKHS LONG , TP at +50%NASDAQ:WKHS Here you go .....it's the time to buy if STOCHASTIC will crossover 30% an MACD cross at 1H . Prepare to take profit at 22$ per share.
$WKHS Should Retrace, Previous Downward Prediction$WKHS at a $20.15 price point, I said should drop to $17 and retrace to $30 . Right now it is $16.84, and the prediction I made was at $20.15. It dropped slightly more than expected, given many bearish riders, but I think most of that prediction should hold true. I predict the next target for a retracement could still be a breakout towards the $28, possibly $30 price point. That being said, invest at your own discretion. As always, please don't take any of what I say seriously or as financial advice. This is on an opinion based basis.
NKLA Announces Joint Venture with CNH Industrial This is a follow-up to my previous posts.
Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks.
Why this stock is not moving way up on all the great news is beyond my understanding.
The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in Germany with Nikola.
Nikola Tre
Featured snippet from the web
The battery electric NIKOLA TRE is based on the IVECO S-WAY and integrates NIKOLA's class-leading technology. It is the first step on the path towards the fuel cell electric model (FCEV). Dec 6, 2019
www.caranddriver.com
Nikola also announced it has $12 billion in pre-orders for its U.S. trucks, up from the previous $11 billion.
www.bizjournals.com
In a report by Cowen & Co. on June 17, 2020, the report essentially said, "by Nikola outsourcing production, it could mitigate risks that Tesla went through."
CNH is Nikola's partner in the venture. Is there something someone on Wall Street does not understand?
CNH owns over 25 million shares of Nikola or 7.11%.
CNH has a market cap of almost $10 Billion.
While investors are buying up stocks like Workhorse Group, buying on speculation, you have a company here, CNH Industrial, already making billions of dollars aside from the electric vehicles.
This is the stock to own in my opinion. It's all about common sense and profits.
CNH is already profitable so going into a joint venture with Nikola will just add more revenue to the company.
In the link below, CNH is mentioned in the paragraph after the chart. None of the news wires posted the link below to Wall Street news services today. It leaves me thinking, are people secretly buying up CNH before they run it up to $20.00 or $50.00 like they have done with several stocks in the electric vehicle industry?
www.bloombergquint.com
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NKLA: Huge upside with low riskWe have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance.
That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field.
Cheers,
Ivan Labrie.
$WKHS short set up. Pumpers on ST and Twiter are keeping on repeating their foolish mantra. About to learn something... The bearish rising channel is broken and lower prices about to follow.
Can The Burry News Help More Than It Has?GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting.
Video game retailer GameStop Corp. (GME Stock Report) has been in the middle of an impressive rally since last week. This has been due to two major factors. First, it announced that it is going to lay off as many as 120 workers as part of a cost-cutting process. This actually proved to be a huge positive. We reported on this last week in the article, “ 2 Penny Stocks Trying To Bounce Back In August .”
However, later on, ace investor Michael Burry told Barron’s that he is bullish on GameStop and owns as many as 3 million shares at the time. He stated that as many as 90% of the stores owned by the company are cash flow positive and he believes that the market has not valued the stock fairly. If you don’t know Michael Burry, watch the movie, “The Big Short,” and I think you’ll be surprised. Over the course of the past week, GME stock rose by 20%. However, don’t forget that the stock is still down over 70% year-to-date.
From PennyStocks.com - 3 Penny Stocks Catching Investors’ Attention This Week
WKHS Continues Higher But Can It Keep Going?With such a big run this year, can WKHS continue higher after those earnings results?
"Little known electric delivery vehicle maker Workhorse Group Inc (WKHS Stock Report) had found itself in the limelight earlier this year. We reported on this case after it became the leading contender to take over General Motors’ production facility at Lordstown. After the news came to light, thanks to United States President Donald Trump, WKHS stock soared for months as investors believed that the company could be on to something big."
Quote Source PennyStocks.com
$WKHS Bearish pennant set up and new lower target :($WKHS did not finish development of descending triangle pattern. In my view for the long term that would be a much better scenario. In that case, we would bounce really good of lower price and have an awesome rally. However, the price moved sideways forming bearish pennant and my outlook for $WKHS changed. I still would look for entry but at a lower level then I thought before and if we will follow this path, future development does not look as attractive as before.
Of course, there is always the possibility to breakout to the upside on any positive news but I would limit chances of that to about 25%. Stock still packed with scared money and before any significant move up we need to clear them out.
Moving average support more bearish idea. 9MA is about to cross 50MA. Price reached upper trendline of bearish pennant and 21MA and that is a very serious resistance that will be hard to breach without news.
$WLHS Realistic view on what is going on with this stock.Generally, smart people hate bashers and pumpers. They do not look for "fake news" posts. They need realistic TA report, regardless of how good or bad it is. My fresh view on what is in making here. Take care...
$WKHS My view on this stock and harsh prediction.I have been long here, trading in and out and believe that this stock has a great future. I would like to eventually establish long term position but for now, I earn extra shares by trading it. Here is my view on what is going on here.
Stock is flooded with a bunch of emotional fools that overleveraged and go all in because this time it is different. Any time when you have a crowd that is emotionally charged, you will see nasty things happening to any underlying security they trade. If you read posts on ST you will see that there is a lot of nonsense, naive people jumping up and down, talking about yachts that they already order. With each uptick, they behave like a bunch of kids. Partially that is because they are overextended here and their farm is on the line... Bunch of guys posting pics of cats (have no idea why). Overall that board is a bloody mess and I even hate to go there to sort a pile of garbage trying to find any valuable information.
Well... things do not work this way. To behave like that is against the laws of God and nature. Pride, foolishness, and arrogance will not be unrewarded. So... what I see here that this stock most likely will have another nasty selloff where the majority will bailout. (I think the chance of that is 70-80%). I expect prices to hit near $2 - $2.25 where I will enter back when there is blood on the street.
I understand that people will hate to read this post there and will not agree. But I am not short and not planning to go short. I just see danger and today I waited for a moment to get out. Sold my position @ $3.68. If I was wrong, that is ok. I will find another entry point that is based only on TA. Work the best for me.
$WKHS update and price target$WKHS broke out of pullback on good volume. Stock closed at the highest point in two years. This pullback just made this formation much stronger and solid. Price target still the same but I believe it will go much higher. This is very short term target. Do your own DD.
$WKHS update and my tradesBearish harami formed after strong rally. Decided to sell my position and look for another entry. Bullish outlook is absolutely unharmed, tree will be shaken and I hope to buy back at lower price. Market in general in selling mode and it will affect most of the stocks, no worries $WKHS will do great.
$WKHS strong run and short term targetPrice broke above 24 month high, on huge volume. Took some profit to have funds to buy on pullbacks if we have some. Based on today's action, we may see much higher prices then $5.72 short term. Momo type play is possible this week. Thousands of people just getting notice of $WKHS.
