DPHC (RIDE) Stuck in a Consolidation???Risk-heavy margin traders(margin to beat settlement at the very least) will enter at the first cross of the 10 & 20 EMAs, and in this case, be rewarded.
Traders looking for confirmation will wait for the price to retest the cloud/gap between the EMAs before considering an entry, and in this case, miss some intra-week gains.
Overall, the drawn-out/predicted consolidation should be taken with a grain of salt, as far as general timing and the number of bounces is considered. However, the resistance and support lines are more likely to be respected.
Either way you slice it, when RIDE emerges we will likely look back and see a break to the upside on this chart.
WKHS
$DPHC - Bullish Symmetrical Triangle Pattern DPHC (soon to be Lordstown) trades with $WKHS as they own 10% of the Company and they produce the Company's vans (same founder) and can be traded together. Oct. 22 Stockholders meeting to approve the merger with the SPAC is big a catalyst next week. Look for a breakout next week. However, I expect overall market sentiment to be volatile leading up to the election and the stock could potentially rollover so be cautious.
$WKHS Workhorse Group INCI played this way back at $7 and today Its looking like its going to do what I think its going to do.... 50 50 when it comes to things so, i gotta be prepared. Kinda in the red right now but my avrg is looking really good. I hope it doesnt go under 22.50
I'm loading up. I'll wait. Election day and all this other stuff is coming. By Nov, I see this stock probably at 28 easily!
#TradeSafe
#InvestSmartWAAS
#WKHS
#WorkhorseGroupINC
DPHC (RIDE)The more likely short-term scenario for Lordstown. More content coming to my youtube channel soon! RolledChange Trading
$DPHC Possible breakout on 4 HR. Caution AheadNeeds to find support and stop following WKHS to keep an upward trend. Nothing but good news for this company.
$WKHS Breakout on 3x Avg Volume - Bullish Options Activity$WKHS Breakout on 3x Avg Volume Today
Bullish Options Activity
$6.5M in $45.00 strike (deep OTM) April'21 calls traded today (5x OI) - just to get to $45 we would have to see a ~70% move from today's closing price.
Near term target: $36-$39 range by mid-November
Note: This is NOT investment advice.
WKHSGapped at the open and now resisted at ATH. Will likely need high volume to push above that, will probably base here before next leg up
WKHS Long Set UpAs you must have noticed most of our previous posts have done well. DDOG, FSLY, DKNG, DHR, and many others. WKHS is now setting up for a move. One can take a long position with half qty and go in full after retest. As we all know about Workhorse deal with USPS that is in the pipeline. This may be a good long set up for the 5th wave. This posts are educational purposes. Do not buy or sell any assets reading these posts. Please do your own homework before making any transactions.
WKHS break out on good volume. Can test ATHWKHS broke out of its pull back on Friday. The pull back was a good retest of the previous highs set in July. Now WKHS seems ready to test ATH. Volume has generally been higher on green days which is bullish. Stop loss can be 22.50 or under 23.50 depending on risk tolerance. A morning dip would be an ideal entry tomorrow morning. I'd avoid buying right at the open if it gaps up.
WKHSnice follow through today and closing out strong today. Now above 20 MA, if it holds through close, next up are 28 and 31
Hidden Bullish Divergence on $DPHC $WKHSLooking strong here, bouncing off the .5 fib retrace as well.
$WKHS - Long set upLong above down trendline break.
Pulled back with markets but major reason is resistance at $27.
WKHS update... Good Sign of reversal hereBroke out that falling wedge and holding above that down trendline, bounce perfect off that .618 yellow zone making its way back up to 28.32
$DPHC - Merger news NEEDED to stay bullish Dphc is in a downward trend that can only be broken by good news. Next few days could be crucial to keep this pumping.
Currently holding 1100 shares.
WKHS Falling Wedge WKHS waiting to break out from this falling wedge! Expecting a drop to my .618 and bounce up. If we break under 23.40 we could hit my support zone at 22.69 . Looking to see a move back up to $27 if price can hold above 23.40.
$DPHC $RIDE Consolidation until merger news $WKHSOn days like today, you have to zoom out and take in the bigger picture. As long as the support levels continue to hold, and PA follow the yellow algo trend line, this is still a bullish chart. If they break down, so be it move on to next SPAC, but it’s hard to stay bear when you know there is fundamental news coming, and the existing fundamentals support a higher price. Looks like there could be nice confluence between our next break out point, and the merger.
$WKHS HoldHey there. I believe we're working on sub-wave C of this holding pattern. Will need to complete horizontal pattern before we hit wave 5. Don't let the bears scare you. Would love to hear opinions to the contrary.
WKHS Red Again?WKHS working its back back down to that support trend line. Good short to my .618 retrace at 22-23 area and with USPS catalyst we could see a bounce from that to 30$
My plan
SHORT PT 22 by EOW
then scale in for long with usps catalyst coming soon
LONG PT 33 by 2021
