Analyzing the options chain and the chart patterns of WKHS Workhorse Group prior to the earnings report this week, I would consider purchasing the 0.50usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $0.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Potential...
WKHS has formed a Falling Wedge with Bullish Divergence on the Daily as it has come down into the December 2018 Low. It has also Bullishly Engulfed the previous Daily Candles and has exhausted the Options Chain. At this point in time I'd expect WKHS to make its way back above 50 cents and perhaps run up to around $1 or perhaps a bit higher which would be best...
Workhorse looks like it could be setting up for a Spring off of an Ice Line that aligns with the 0.786–0.886 Fibonacci Retraces. It also seems to be somewhat Bullishly Diverging on the MACD though not perfectly. If this turns out to be the bottom, then it could go for an inverted AB=CD move all the way up to the 1.272 Fibonacci Extension up at $125.92.
Workhorse is at the neckline of the trend-line today, it needs a surge 10% above the trend-line for reversal confirmed.
Workhorse Group Short Term We look to Sell at 3.19 (stop at 3.42) A shooting star has been posted as prices reject the higher levels. Previous resistance located at 3.14. The medium term bias remains bearish. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Our profit targets will be 2.67 and 2.45...
Dear Friends Monthly Demand Zone is Strong Enough and In Daily TF Last Supply Zone Destroyed We are Waiting Price Comeback To Daily Zone 1:41 Risk To Reward For Following Month isn't Great??
cypher harmonic pattern: X=$61.5 AB=0.61 XA BC=1.41 AB 0.78 XA=$24.47 1.27 BC=$29.7 0.88 XA=$37.64 1.6 BC=$96.67 1.13 XA=$107.65 2 BC=$355 the 2nd wave has been considered cypher too: ab=0.61 xa bc=1.41 ab
I am interested in $WKHS here, been eyeing it for ages since @timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using T@M and Key Hidden Levels techniques. Keep an eye on this...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells...
Workhorse Group Inc. (WKHS) share float shorted: 36.60% Yesterday $35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts. With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance. You can see on the chart other price targets from analysts. I look forward to read your opinion about it.
This one has LOTS of work to do and MANY hurdles to get through... but if the $6 low holds, I see $69 first.
We entered long on $WKHS today... let's see how it pans out!
In the short term, I expect a squeeze to the 11- 13 area and if it holds, a return to 20.00.
Just an rough estimate for now
I'm starting my accumulation of WKHS . This trade like any its tricky and can be very volatile. I selected areas on the chart that are important zones and can act as resistance and or support in the future . Trade is based on short squeeze idea . This stock its currently under big short float above 40% .. last week was at 48% so some players...
I will buy at $5.3 cypher harmonic pattern: 3-4=0.38 X-3 4-5=1.41 3-4 tp1=0.78 X-3=$7.4 *reached* tp2=2 BC=$5.3