Updated Target for WKHSTarget: 20-21
I published 9 analysis on workhorse so far,let’s review them once again
1st- September 8, 2020, Long: price 21.92( target price 36)
2nd- Oct 23, 2020, Long: price 20.30
3rd- Nov 9, 2020, Long: Price: 19.78
4th- Dec22, 2020, Long:price 23.22
5th- Jan 6,2021, Long: price 23.74 ( target price 40-42 short-mid term)
6th- Jan 15,2021, Long: price 23.47
7th- Jan 26, 2021, Long: price 28.55
My exit plan activated
8th- Jan 31,2021, Short: price 34.27
9th- Feb 11, 2021, Short: price 37.21
Please check the people comments below the last 2 posts, there are lots of lessons to learn.
As an analyst I believe I should try my best to give you a clear picture to help you decide better, my obligation is not too write in one direction, but to cover the both sides based on evidences!
WKHS
Market front runner industry (EV makers)seems exhausted ..!Without any doubt EV makers and their investors were the winners of market since March 20th, 2020.
But it seems the sentiment has changed in February 2021. NIO and Tesla which are the best performer among their peers failed to reach their tops in January 2021, and getting away from that point with time passed.
IMO: Future belongs to clean energy companies, but in short-mid term we will experience a correction at least in the ticker symbols with +1000-2000% gains.
Since most new traders and investors get involved in EV rush in the past year, there is a strong feeling of market crash..!
We shouldn’t forget price corrections between 30-50% is quite common among the front runner EV makers, it happened before, so there is a high chance of reoccurrence!
Please take your time and review my previous analysis on WORKHORSE, TESLA, NIO,...
Moshkelgosha
FSR: Solid Technical Play on Breakout From ConsildationFSR has been consolidating since early december between 14-16 range along with forming a downtrend line since it's highs in late November. Stock is gapping up pre market breaking through that $17 resistance level on Morgan Stanley launching coverage with a $27 price target. I am targeting that same level as a profit taking spot for this trade. This is a something where I am going into it as a trade, but I could see it turning into an investment for me. EVs are the future, but there is far too much froth in the market and not all these EVs will make it.
The importance of exit strategy..,I published 9 analysis on workhorse so far,let’s review them once again
1st- September 8, 2020, Long: price 21.92( target price 36)
2nd- Oct 23, 2020, Long: price 20.30
3rd- Nov 9, 2020, Long: Price: 19.78
4th- Dec22, 2020, Long:price 23.22
5th- Jan 6,2021, Long: price 23.74 ( target price 40-42 short-mid term)
6th- Jan 15,2021, Long: price 23.47
7th- Jan 26, 2021, Long: price 28.55
My exit plan activated
8th- Jan 31,2021, Short: price 34.27
9th- Feb 11, 2021, Short: price 37.21
Please check the people comments below the last 2 posts, there are lots of lessons to learn.
As an analyst I believe I should try my best to give you a clear picture to help you decide better, my obligation is not too write in one direction, but to cover the both sides based on evidences!
At the end, workhorse experienced a fantastic +11500% gain rally in 2 years.But don’t forget in previous correction in the past 2 years, it showed it could easily go down 50-70%..!
At this point I believe my analysis of 70-110 target price has no chance to become a reality in near future!
Moshkelgosha
Is $TSLA crashing?Introduction
$TSLA was one of the first stocks in my opinion that kicked off the retail trading revolution. When TSLA was on its legendary bull run it was all over the news, social media, and everywhere you looked. This drew a large crowd of retail investors who wanted to get their hands on a share of $TSLA. While $TSLA is leading the charge in innovation and market dominance in the self-driving EV space, we have to acknowledge that the stock is overvalued. Yes they own $BTC, yes Elon is a gangster, but their PE ratio is roughly 1200 .
Breakdown of The Bullish Run
Retail investor frenzy
Elon pumps
Gamma squeeze
Catalysts (demo day, stock split, S&P inclusion)
Possible Bearish Factors
Valuation, PE: 1200 - historaccly 30 is high for most stocks
More competitors on the market. Retail investors are looking for the next "get rich quick stock" and competitor stocks have been the go-to ( $NIO, $WKHS, $HYLN, etc..)
Lack of bullish catalysts.
Elon seems to be focusing on heavily Starlink leading to lack of press, which leads to less hype
Overall market correction.
My outlook on $SPY:
WKHS WORKHORSE
" Even if WKHS does not win the USPS contract, the company will still survive. This past January, WKHS executives revealed the company received an order for more than 6,000 electric delivery vans. The order is larger than the company’s expected orders for the entirety of the year ahead. The order was placed by Pride Group Enterprises, an auto wholesaler that operates in North America. WKHS employees are hard at work manufacturing the 6,000+ C-Series electric package-delivery vans. The only caveat to the deal is about 2,000 of the vehicles would be delivered in ’21 while the remainder is delivered through ’26...In short, it is clear that there will be significant and ongoing demand for WKHS “last mile” electric vehicles. Though these vehicles top out at 75 miles per hour, they will not spend the majority of their miles on highways. Rather, these electric vans will transport packages and other items from distribution centers to residences and businesses, most of which are located in the suburbs and cities." Patrick Ryan
POOR earnings last few quarters... Will the story outweigh the last few quarters.
YOY earnings +21.95%
Asset growth +329.53%
Institutions 249 32%
VCP 25W 60/19 3T (VOLITILITY CONTRACTION PATTERN
Pulling back on low volume (good sign)
21 DAY 32.68 50 DAY 29 CUT 10 DAY PB LOW VOL
Update on workhorse chart ( short to midterm)What are my reasons to sell workhorse:
1-multiple attempts but could not close above the channel.
2- lower high - Lower Low pattern in daily candle
3-workhorse experienced a 117% bullish rally in 2021, and usually after a sharp rally we will expect a correction . Workhorse experienced a 30-50% correction in the last 3 correction it had!
4- I had price target 40-42 for workhorse when it was 22-23
Workhorse February outlook..!I made the call to buy workhorse on 17,21,23 with midterm target price 40-42 and longterm target of 72-110.
Workhorse tends to moves fast and then make correction slowly.
This analysis will be obsolete if workhorse close above 40.
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
You can send TradingView coins to support me publishing high quality ideas..!
Call AMC at 2.25,January 11th was not based on luck whatsoever!Here I provide 25 of my best analysis with +100% moves In January 2021.
Most of theme ended January with +100% , while a few didn’t.
Check all of them, different methodologies used for each and yet all worked perfectly in most cases I mentioned be ready for +100% in less than 100 days, but it happened in less than 30 days.
January and February are the shortest trading months with 19 trading days..!
Most trading gurus promised you a 100% opportunity per week, I did it more than once per day ..!
Like all market movers which were a penny stock at some point, every big names were no one at some point of their lives. What makes them a great name was their vision for their future to deliver exceptional works..!
12.17% weekly gain when everyone else struggling to make money!First, I thanks all those who supported me in last week by following me, like my post and writing encouraging comments and transferring TradingView coins. I would like to thanks @abail, my follower who send 4600 coin in just on day because of the gain of one of his/her trade..!
The roller coaster week finished dramatically for most of traders, all major indexes experienced their worst week since October. S&P 500, NASDAQ, DOW JONES lost 3.31%, 3.30%, and 3.27% respectively and The famous managed ETF, ARKK lost 5.91% of its value..!
The coin has yet another bright side..! My recommended portfolio for the week gained 12.17% (volume weighted) in the worst week of the market since October. Even if you do not consider epic 277.78% gain of AMC, still the performance is positive and 1.10% gain.
In the last 3 weeks, my recommended portfolios beat all major indexes and ARKK,and beat them 12 out of 14 trading days in terms of performance.
Let’s review the portfolio performance!
1-ADTX @ 3.60 gained 3.61%
2-AKRO @ 31.06 lost -5.28%
3-AMC @ 3.51 gained 277.78%
4-AMD @ 92.79 lost -7.71%
5-BYND @ 140.70 gained 26.57%
6-CFMS @ 1.40 lost -25.71%
7- CRM @ 225.77 lost -0.09
8-EYES @ 1.94 gained 11.34%
9- FUBO @ 37.72 gained 12.01%
10- GNUS @ 1.57 gained 13.38%
11- JE @ 6.85 lost -2.04
12- KIRK @ 28.07 lost -9.30%
13- KODK @ 9.46 gained +1.37%
14- LYL @ 2.71 lost -18.45%
15- MTC @ 2.44 lost -15.06%
16- NIO @ 61.95 lost -7.99%
17- OPTT@ 5.60 lost -28.39%
18- PAYS@ 5 lost -6.40%
19-PLTR @32.58 gained 7.98%
20- SOLO@ 8.16 lost - 5.76
21-SPCE @ 34.58 gained 29.20%
22-SYN @ 0.9116 lost -15.19%
23- THMO @ 2.65 gained 28.68%
24- TSLA @ 846.64 lost -6.27%
25- WKHS @ 23.51 gained 45.98%
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds of success for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
I would appreciate if you share my analysis on your own social media.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
Wish you a profitable trading week ahead.
Moshkelgosha
WKHS Bullish PennantWith the high probability that WKHS will get the government contract for EV's, it is likely we will re-test the $40 range soon and likely break it as wsb people get Fear of Missing Out. This pennant should break tomorrow actually (1/29) and we can maybe see a new high.
My only concern is that some people don't understand that when insiders sell, they have to let the SEC know months in advance, so with the CEO paying himself on the 26th, some people who are uneducated see that as a sign the contract won't go through. I will be taking advantage of these people buying up their shares.
There is probably a 65% chance WKHS earns some or all of the contract in which case the holding will all be worth it, the only competitors are a gas engine, and a hybrid engine made by a Turkish company. Although Biden does not have direct control of the post office, it is quite unlikely they side with the gas or hybrid option as the goal is an American made EV - not a Turkish made Hybrid or an American Gas Engine.
People also worry about the production speed this company has... if they get six billion dollars that will not be a problem whatsoever.
I think everyone knows this is one of the best opportunities of 2020.
Please feel free to comment your thoughts.
My recommended portfolio for the next trading week,25-29 Jan 20First of all, I thanks all those who supported me in last week,specially Muhannadmawed, gv1990, TradingView,and John71505.
1-ADTX @ 3.60
2-AKRO @ 31.06
3-AMC @ 3.51
4-AMD @ 92.79
5-BYND @ 140.70
6-CFMS @ 1.40
7- CRM @ 225.77
8-EYES @ 1.94
9- FUBO @ 37.72
10- GNUS @ 1.57
11- JE @ 6.85
12- KIRK @ 28.07
13- KODK @ 9.46
14- LYL @ 2.71
15- MTC @ 2.44
16- NIO @ 61.95
17- OPTT@ 5.60
18- PAYS@ 5
19-PLTR @32.58
20- SOLO@ 8.16
21-SPCE @ 34.58
22-SYN @ 0.9116
23- THMO @ 2.65
24- TSLA @ 846.64
25- WKHS @ 23.51
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds of success for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
I would appreciate if you share my analysis on your own social media.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
Wish you a profitable trading week
Moshkelgosha